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.
IBM Offshores to India and Business Still Shrinks
By Jeff Ferry, CPA Research Director
Technology giant IBM reported its third quarter results on Oct. 17th, and extended a stunningly long losing streak with its 22nd consecutive quarter of declining sales.
First Time Ever: US Trade Ambassador Stiff-Arms the Swamp
by Michael Stumo, CEO of CPA
We have never seen this before. The US Trade Representative, Robert Lighthizer, is being brutally direct with free trade zombies in Congress and the multinational import lobby - i.e. the swamp - in charting a new pro-American direction on trade. Voters sought...
Trump Administration Rattles the North American Cage on NAFTA
By Jeff Ferry, CPA Research Director
Three rounds of North American Free Trade Agreement (NAFTA) negotiations came and went without much fanfare. But the fourth round,
Foreign Direct Investors will Love the Market Access Charge (MAC)
By John R. Hansen, CPA Advisory Board
Would the MAC discourage foreign direct investment in the United States?
Some readers have suggested that capital being brought into the United States to finance greenfield foreign direct investment should be exempted from the MAC. We should not, they argue, do anything to discourage...
Why the Market Access Charge is Necessary to Fix Trade Imbalances
By John R. Hansen, CPA Advisory Board
This note describes how a Market Access Charge (MAC) can fix US dollar overvaluation, what the MAC is, and how it would put US workers and factories back on the job.
“Bring Me Some Tariffs” New Trade Policies Offer Growth Boost—and Scare Economic Traditionalists
By Jeff Ferry, CPA Research Director
As President Trump talks more openly about aggressive action on the trade front to support the US economy, traditional economists and commentators, especially many on Wall Street, are raising the volume on a scare campaign, aimed at suggesting all sorts of imaginary negative consequences.
...NAFTA Withdrawal Unlikely to Cause US Consumer Harm
By Michael Stumo, CEO of CPA, and Jeff Ferry, CPA Research Director
President Trump raised the possibility of withdrawing from the North American Free Trade Agreement last week in an Arizona speech.
“Personally, I don't think we can make a deal ... I think we'll end up probably...