US Trade Deficit Hits $621B in 2018; Goods Deficit & China Deficit Hit New Records
By Jeff Ferry, CPA Chief Economist
Data published this morning by the Department of Commerce show that US trade figures continued to worsen in December and for the year 2018, in response to the strengthening dollar, a fast-growing US economy, and a surge in imports to front-run last year’s tariffs,...
Chinese Provinces Still Quietly Implementing Made in China 2025
By Steven Byers, CPA Senior Economist
Last summer, Chinese officials began talking about the liberalization of Chinese markets, in response to criticism of the highly nationalist and protectionist Made in China 2025 (MIC2025) strategic plan. That was in response to growing trade tensions with the US, and other foreign governments and...
Solar Power Deployments Up 4.5% Last Year as Tariffs Stimulate Manufacturing Expansion
By Jeff Ferry, CPA Chief Economist
The solar power industry enjoyed a healthy 2018, with solar deployments rising 4.5 percent to 11.6 Gigawatts installed last year.
Working Paper: Quantifying Economic Growth and Job Creation from a Competitive Dollar
This Working Paper presents the results of a CPA econometric model testing how much dollar adjustment is needed to balance US trade in six years and the dramatic economic benefits that would result from the adjustment.
by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist)
New Anti-Tariff Study Again Cries “Wolf”
Erroneous 2018 Predictions Repeated
By Steven Byers, CPA Senior Economist
Nearly a year after predicting 470,000 jobs would be lost due to President Trump’s tariffs on imported steel and aluminum, Trade Partnership Worldwide has published an updated study titled “Estimated Impacts of Tariffs on the US Economy and Workers.” The new
Trade Deficit Moderates to $49.3B in November; China Deficit Improves Sharply
By Jeff Ferry
CPA Chief Economist
Trade data for November 2018 published Wednesday by the Department of Commerce indicates that the Trump Administration’s tariffs may finally be improving our balance of trade.
Why China is Losing the Trade War
By Jeff Ferry, CPA Chief Economist
Three things happened last week that made me feel more confident than ever that US tariffs are working and China is losing the so-called “trade war,” which is not a war at all but simply a battle to enable the US economy to stand...
Huawei’s Employee Bonus Program For Stealing Technology
By Jeff Ferry, CPA Chief Economist
On January 16th, a grand jury in the US District Court in Seattle, Washington indicted Chinese telecom equipment maker Huawei for theft of trade secrets and attempting to corruptly obstruct a civil lawsuit.
GM Cutbacks Due to Offshoring, Not Tariffs
By Jeff Ferry, CPA Research Director
General Motors is having a very good year in 2018. That’s right. You read that right, a good year. Maybe even an excellent year.
Top Five Cases of Huawei IP Theft and Patent Infringement
By Jeff Ferry, CPA Research Director
Last week, Canadian authorities arrested the Chief Financial Officer of Huawei, Sabrina Meng Wanzhou. The US government alleges that she was involved in a plot to circumvent US sanctions on Iran by using a dummy company, secretly owned by Huawei, to sell networking equipment...
CPA Response to Tax Foundation Claims on Effects of Tariff Actions
By Jeff Ferry, CPA Research Director
On Dec. 6th, the Tax Foundation published a brief document claiming that the tariffs implemented by the Trump administration earlier this year impose a $42 billion cost on Americans. The claim is wrong and based on misleading analysis, as a quick look at...
Monthly US Trade Deficit Rises $0.9B to $55.5B, Advanced Technology Deficit Surges 14% in October
Non-competitive Dollar, Front-Running of Tariffs Drive Up October Deficit, Imports
By Jeff Ferry, CPA Research Director
The monthly US trade deficit rose by $0.9 billion in October, reaching $55.5 billion, as exports fell slightly while imports rose by $600 million. The monthly data suggests that tariffs...
The Tariffs Are Working
By Jeff Ferry, CPA Research Director
Since January, the Trump administration has implemented five major tariff policies, on the solar panel, washing machine, steel, and aluminum industries, as well as the so-called Section 301 tariffs affecting $250 billion worth of Chinese imports, chiefly in intermediate manufactured goods.
Why Tariffs Are Not Raising Prices
By Jeff Ferry, CPA Research Director
It’s now eight months after the first set of Trump administration tariffs went into effect, and so far the much-feared economic costs of tariffs have yet to appear.
White Paper: Measuring the Impact of the Steel Tariffs on the US Economy
By Jeff Ferry and Steven L. Byers
CPA Economic Model Shows Steel Tariffs Have Created Jobs
By Jeff Ferry and Steven L Byers
When the Trump administration implemented tariffs on steel and aluminum in March 2018, many economists predicted job losses and consumer price hikes.
Experts Say China Telecom Diverted US Internet Traffic Through China
By Jeff Ferry, CPA Research Director
Three Internet security experts have accused state-owned telecom giant China Telecom of diverting internal US Internet traffic through China.
Memo: USMCA Rules of Origin, Further Details
By Jeff Ferry, CPA Research Director
The USMCA Agreement contains rules of origin for the automotive industry that will have a wide-ranging effect on the auto industry.
US Manufacturing Resurgence is Broad-Based
By Jeff Ferry, CPA Research Director
Manufacturing employment in the US has now shown year-on-year growth of more than 250,000 employees for six consecutive months, the largest and most sustained manufacturing job growth we’ve seen since 1998.
US Trade Deficit Hits $54 Billion in September
Widening Trade Deficit Contrasts with Strong Jobs Picture, as China Trade Deficit Sets Another Record
The federal government’s employment report for October showed the US economy continues to perform strongly, with job growth of 250,000 in the month, including 32,000 added manufacturing jobs. Unemployment continues to be low and...