World Steel Market By The Numbers
By Jeff Ferry, CPA Research Director
The pundits who declare ominously that we are on the brink of a trade war have it wrong. In fact, we are in the midst of a war for domination of the world steel market. And as a quick look at the numbers makes...
Why We Need Tariffs on Steel
By Jeff Ferry, CPA Research Director
The Department of Commerce report on steel imports and national security asks Americans a fundamental question:
How Facebook Can Help Rebuild US Manufacturing
By Jeff Ferry, CPA Research Director
In a highly polarized nation, Facebook has accomplished the amazing achievement of getting itself intensely disliked by both right and left.
Solar Industry Gears Up For More US Production As Tariffs Take Effect
By Jeff Ferry, CPA Research Director
Safeguard tariffs imposed by President Trump on imported solar cells and panels have been in effect for just over a week, but already we’re seeing moves to boost US solar production in response. No fewer than nine solar manufacturing companies...
Why The Business Roundtable NAFTA Study is Wrong
By Jeff Ferry, CPA Research Director
Business Roundtable (BR) and others have published economic forecasts that purport to show that the US withdrawing from or substantially modifying NAFTA would lead to US losses in GDP and jobs. We analyze the BR study and show...
A Rising Dollar Yields a Rising Trade Deficit
By John R. Hansen, Advisory Board, Coalition for a Prosperous America
Yogi Berra once said, “It's tough to make predictions, especially about the future.” That’s undoubtedly true in the complicated world of global trade.
But a look at America’s trade flows—and growing trade deficit— clearly indicates that a “strong dollar” has been a...
Five Reasons Why the Big 2017 Trade Deficit Affects You
by Michael Stumo, CEO of CPA
The big news this week is that the annual US trade deficit increased in 2017 by 12% over 2016. Here are five reasons you should care.
Full-Year 2017 Trade Deficit Holds Back GDP Growth
By Jeff Ferry, CPA Research Director
The US trade deficit last year surged 12.1%, rising at three times the rate of nominal GDP growth, hampering US economic performance, employment levels, and incomes.
The Beltway Squabbles Over America’s Overvalued Dollar
By Jeff Ferry, CPA Research Director
It may have been obscured by the looming State of the Union address, but there was quite a kerfuffle in Washington recently.
CPA on USA Today: Trade predators destroy U.S. jobs
For too long, America has been led by a naive embrace of free trade that overlooks the predatory behavior of our trade competitors. Widespread trade cheating and poorly designed trade deals have led to persistent U.S. trade deficits causing job losses, manufacturing decline and income stagnation.
[Michael Stumo | January...
Revenue Gains From Sales Factor Apportionment Corp Income Tax
"Reprinted from Tax Notes, November 27, 2017”
By Jeff Ferry, CPA Research Director
The U.S. corporate income tax system is failing to deliver for the government and taxpayers. Receipts are falling steadily as a share of corporate profits as corporations exploit loopholes to shift profit out of...
America’s Monetary Policy Needs a Major Overhaul
Tinkering with Interest Rates Will Not Make America’s Economy Great Again!
By John R. Hansen, CPA Advisory Board
In his New York Times article on January 9 (As Economy Strengthens, Fed Ponders New Approach), Mr. Appelbaum notes the rising dissatisfaction both outside and inside the Federal Reserve with America’s current...
How To Make China Pay For US Solar Industry Expansion
By Jeff Ferry, CPA Research Director
Later this month, President Trump faces one of the biggest trade decisions of his presidency.
Why China Likely Won’t Buy Fewer U.S. Treasury Bonds
Editor's Note: While the CPA Research section of our website is generally reserved for CPA’s original research and analysis, we are cross posting this outside article due to its importance to understanding the dynamics of trade and capital flows.
The furor over recent comments by Chinese officials that they may...
Poll Shows Growing Public Opposition to NAFTA
By Jeff Ferry, CPA Research Director
An independent public opinion poll published late last year shows growing public awareness of US job loss due to imports, as well as growing public support of the view that NAFTA has been bad for the US.
Trade Deficit Up 3% in November As Full-Year Deficit Heads For $554B
By Jason Cooper, CPA Research Assistant
The US trade deficit rose another 3.3% to reach $50.5 billion in November 2017, up $1.6 billion from the $48.9 billion in October, a level not seen since January 2012. The goods deficit is on track to be one of the highest on...
US Agriculture Has Failed To Benefit From Korean Free Trade Agreement: Time For a New Approach
By Jeff Ferry, CPA Research Director
A major reason the US Congress and Obama administration approved the KORUS free trade agreement with South Korea in 2011 was the expected benefits to US agricultural exports.
Trade Deficit Up 11% in October As Imports Hit All-Time Record: Full-Year Deficit Heading For $560B
By Jeff Ferry, CPA Research Director
The US trade deficit rose another 8.6% in October to reach $48.7 billion as imports in the month hit $244.6B, an all-time record for imports in a single month.
Strong Post-Brexit Outlook For UK Economy
By Jeff Ferry, CPA Research Director
Last month, UK automotive components manufacturer Brose installed a new £10 million ($13M) paint line at its factory in Coventry, England.
The Missing Trillion Dollars in Republican Tax Reform Plan
By Jeff Ferry, CPA Research Director
The Republican tax reform plan is suffering from a shortage of funds. Paul Ryan and his colleagues are trying to give the American people a substantial tax cut as their signature achievement of 2017.