CPA Research

Currency Misalignment

Up To $100 Billion Annual Revenue Potential From the MAC

September 19, 2018

CDJPA Research Note #4

By Jeff Ferry, CPA Research Director

CPA advocates the Market Access Charge (MAC) as an innovative tool to address systemic dollar overvaluation due to excessive demand from the international capital markets for dollar-denominated assets.

US Bilateral Deficit with China Hits All-Time High of $36.8B

September 07, 2018

July Trade Deficit Up 9.5% to $50.1B 

By Jeff Ferry, CPA Research Director

Wednesday’s trade report from the US Commerce Department for July reported that the US bilateral deficit with China hit a new all-time high of $36.8 billion in July, 9.5% worse than the July 2017 figure....

CPA Says John Oliver is Wrong On Trade: A New Light on Trade

September 06, 2018

Did you happen to catch John Oliver's trade piece on Last Week Tonight? It was funny but outrageously wrong in every single aspect. What's worse is that his video has over 4.4 million views in which he is spreading his trade lies. CPA put a rebuttal video together...

Turkey’s Problems Not Due to Trump’s Trade Policies

August 20, 2018

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

August 17, 2018

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

August 13, 2018

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

August 08, 2018

By David Morse, CPA Tax Policy Associate Director

President Trump struck against the Koch Brothers and their network last week in a tweet stating:

They want to protect their companies outside the U.S. from being taxed, Im for America First & the American Worker - a puppet for no one....


July 30, 2018

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

July 27, 2018

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

July 19, 2018

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

July 12, 2018

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

July 12, 2018

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?

July 11, 2018

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

June 29, 2018

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

June 28, 2018

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”

June 21, 2018

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...

Trade Enforcement

Aluminum Tariffs Must Be Extended To Cover Aluminum Cables

June 05, 2018

By Jeff Ferry, CPA Research Director

On March 8th, the president announced tariffs of 25% on steel imports and 10% on aluminum tariffs.

Currency Misalignment

CDJP Act Webinar

May 30, 2018

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...

Currency Misalignment

Capital Flow Management Lessons from Other Countries

May 30, 2018

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...

Currency Misalignment

CDJP Act: Minimal Impact on Interest Rates

May 24, 2018

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...