Turkey’s Problems Not Due to Trump’s Trade Policies
By Jeff Ferry, CPA Research Director
Turkey’s currency crisis is threatening the Turkish economy and there is a genuine risk that this could spill over into other emerging market economies with excessive foreign indebtedness.
Update: Tariff Job Gains Exceed Losses by 20:1
11,100 Job Gains vs. 514 Job Losses So Far
By Jeff Ferry, CPA Research Director
We’ve had a very positive response to our CPA Tariff Job Creation Tracker, published earlier this week showing gains of 11,100 jobs in four major sectors affected by tariffs.
The Untold Story: Tariffs Are Driving Job Creation
By Jeff Ferry, CPA Research Director
It’s just six months since the first of the Trump administration’s tariffs went into effect and the job gains are already visible.
Why Trump Hit the Koch Globalists on Tax
By David Morse, CPA Tax Policy Associate Director
President Trump struck against the Koch Brothers and their network last week in a tweet stating:
Overexposed
By Jeff Ferry, CPA Research Director
Summary: This article looks at China’s heavy dependence on - or overexposure to - the US for their trade surplus and their exports. It examines different ways of counting the China trade surplus, finding that on one alternative measure it could be as much...
What Trade War? Real GDP Surges 4.1% on Exports and Consumer Spending
By Jeff Ferry, CPA Research Director
US gross domestic product (GDP), adjusted for inflation, grew by a 4.1% annual rate in the second quarter of this year, the fastest quarterly growth rate since 2014, showing that economic growth is surging ahead, unaffected by—or perhaps boosted by--trade actions by the Trump...
Other Nations Following US Lead on Steel Tariffs
When the Trump administration imposed 25% tariffs on steel imports in March this year, some other nations loudly criticized the move. Now, surprise, surprise, they are shifting gear—and jumping on the tariff bandwagon.
May Trade Deficit Shrinks 7% To $43B, Year-to-Date Deficit Up 8% at $245B
By Jason Cooper, CPA Research Assistant
According to the latest US government report the US trade deficit in May was $43.1 billion, the smallest deficit since September of 2017. The smaller deficit was driven by a $3.7 billion increase in exports from April to May, with exports of $144.9...
Happy Half Birthday TCJA
Tax Cuts Reach Six-Month Mark
By David Morse, CPA Tax Policy Associate Director
It’s been six months since President Trump signed the Tax Cuts and Jobs Act (TCJA). And the legislation has enjoyed a rosy afterglow, receiving credit for every bonus or capital expenditure. But tax analysts agree that it’s simply...
Stumo Commentary: Whose Trade War Is It Anyway?
by Michael Stumo, CEO of CPA
I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely. Here it...
How The Dollar Exchange Rate Can Help US Agriculture
By Jeff Ferry, CPA Research Director
Some agricultural commodities have seen price declines in recent weeks due to uncertainty over international trade relationships.
Harley Davidson Loves Tariffs
by Michael Stumo, CEO of CPA
Contrary to what you may have heard, Harley Davidson, the iconic American motorcycle company loves high tariff countries. Company management loves tariffs so much, it moves production to countries with the highest motorcycle tariffs in the world.
White House Documents Tools and Strategies Behind Chinese “Economic Aggression”
By Jeff Ferry, CPA Research Director
The White House published on Tuesday a document detailing the wide range of tools and strategies used by the Chinese government to steal, extort, and otherwise gain access to American intellectual property (IP) to support their drive to become a leading global economy with...
Aluminum Tariffs Must Be Extended To Cover Aluminum Cables
By Jeff Ferry, CPA Research Director
On March 8th, the president announced tariffs of 25% on steel imports and 10% on aluminum tariffs.
CDJP Act Webinar
CPA held a webinar discussing how to fix the dollar and balance trade with the Competitive Dollar for Jobs and Prosperity Act. In case you missed it, the slides for the webinar are below. They are a good resource to become educated on the economics and the proposed bill itself...
Capital Flow Management Lessons from Other Countries
CDJPA Research Note #3
By John Hansen (CPA Advisory Board) and Jeff Ferry (Research Director)
Passage of the Competitive Dollar for Jobs and Prosperity (CDJP) Act by Congress will establish the Market Access Charge as America’s first permanent tool to drive the US dollar to a competitive value and keep...
CDJP Act: Minimal Impact on Interest Rates
CDJPA Research Note #2
By John Hansen (CPA Advisory Board) and Jeff Ferry (Research Director)
The aim of the Competitive Dollar for Jobs and Prosperity Act is to make the dollar exchange rate competitive by discouraging foreign investment in dollar-denominated financial assets. The CDJPA does this by establishing a Market...
How Much Will the CDJP Act Devalue the Dollar Value to Achieve its Goals?
CDJPA Research Note #1
By John R. Hansen (CPA Advisory Board) and Jeff Ferry (CPA Research Director)
Implementation of the Competitive Dollar for Jobs and Prosperity Act (CDJP Act) will gently lower the dollar’s value to a competitive exchange rate and keep it competitive over time. The Act provides the...
Address by Michael Stumo to the John William Pope and Jesse Helms Center Foundations
Address by Michael Stumo, CEO, the Coalition for a Prosperous America (CPA), to the John William Pope and Jesse Helms Center Foundations.
May 11, 2018, Raleigh, NC.
Foreign Policy, Trade, and Energy Challenges in the Age of Trump.
Free-Trade Economists Begin To See the Light on Trade and Globalization
By Jeff Ferry, CPA Research Director
For decades, economists have taught David Ricardo’s Law of Comparative Advantage as if it is an absolute law. But the tide is turning, as some highly respected economists are now moving away from the doctrinaire position that all free trade is always good everywhere,...