How Tariffs Are Benefiting US Manufacturing
By Jeff Ferry, CPA Chief Economist
Last year, the US raised the share of domestic demand for manufactured goods met by US production for the first time in six years.
US Must Resist China’s Latest Efforts to Dominate Solar Power Industry
By Jeff Ferry, CPA Chief Economist
Last year was a great year for the US solar power industry.
Towards Better Economic Modeling of Trade Agreements
Summary of CPA Testimony to the ITC on Oct. 6, 2020
By Jeff Ferry, CPA Chief Economist
On Oct. 6th, CPA submitted oral and written testimony to the US International Trade Commission on the economic modeling of trade agreements (TA’s).
Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment
In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last...
CPA Testimony on Economic Modeling of Trade Agreements
On Oct. 6th, CPA testified at a hearing of the US International Trade Commission on trade agreements. We focused on the failure of economic models to accurately forecast the impact of trade agreements on the US economy. We demonstrated how modifications of...
Why OECD is Now Center of Global Tax Debate
By David Morse
The passage of the 2017 Tax Cut and Jobs Act (TCJA) lit the fuse for corporate tax reform that has been debated internationally over the last two years. Essentially, the United States' willingness to recognize failures in the international tax system have now prompted action in other...
Aluminum Tariffs Re-Imposed After Canada Breaches USMCA Commitment
By Jeff Ferry, CPA Chief Economist
Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which violated Ottawa’s USMCA promise to avoid increased imports.
June Trade Deficit Falls Slightly In Pandemic, Stands At $50.7 Billion
By Ken Rapoza, CPA Industry Analyst
The pandemic has curtailed exports and imports and today’s trade numbers showed a slight decline in the trade deficit. The June deficit came in at $50.7 billion, 7.5 percent better than the $54.8 billion deficit in May, based on the Bureau of Economic Analysis...
Don’t Let China Take Over the U.S. Solar Industry
Though it has not been covered by the mainstream media, one of the major success stories of the Trump Administration can be found in U.S. solar manufacturing. Over the past three years American solar manufacturing capacity has increased nearly ten-fold, with factories opening and expanding in nearly a dozen...
US Trade Deficit Deepened to $54.6 Billion in May As COVID Impacted Trade
By Jeff Ferry, Chief Economist
The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports.