Why Economists Can’t Connect Free Trade and Low Prices to Economic Growth
By Jeff Ferry, CPA Research Director
Economists in the US are overwhelmingly in favor of free trade. But they continue to be frustrated that the public doesn’t buy their arguments.
High Tech Anxiety: Made in China 2025 Worries Industry
By Jeff Ferry, CPA Research Director
The Trump administration’s rumored Section 301 investigation of Chinese trade practices opens up a new front in the ongoing “trade wars” with China, this time over intellectual property. A key event driving concern over Chinese use or abuse of foreign intellectual property was China’s...
US Trade Deficit Up 10% Over 2016, On Track for $550B This Year
By Jeff Ferry, CPA Research Director
New trade figures from the Department of Commerce show the US international trade picture continues to deteriorate.
Buy America Movement Gathers Force
By Jeff Ferry, CPA Research Director
President Trump’s “Buy American week” was largely a feel-good event, but behind the scenes there is growing nationwide support in the political and business worlds for more US spending to go on American-made goods and services.
Steel: Famous Economists Get It Wrong
By Jeff Ferry, CPA Research Director
When a large number of famous economists from all sides of the political spectrum agree on something, the odds are that it is wrong. A new letter on the subject of steel tariffs is a good example of that rule.
The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It
This memo explains (1) the dollar overvaluation problem, (2) how to accurately calculate the dollar’s misalignment against trading partner currencies, and (3) how the Market Access Charge (MAC) that CPA and others favor would fix this serious threat to America’s future.
by Michael Stumo (CEO)
Jeff Ferry (Research Director)
and John...
Civilian Drone Industry: USA Is Missing the Boat
By Jeff Ferry, CPA Research Director
At last month’s Paris Air Show, China showed off its latest military drone, an unmanned intelligent computer-controlled vehicle called the CH-5.
It’s Time to Amend or Discard U.S.-Korean Trade Agreement
By Jeff Ferry, CPA Research Director
Press reports emerging on Monday, July 3rd, suggest that President Trump is pushing for a special 30-day review to amend the U.S.-South Korean trade deal known as KORUS.
Administration Needs to Defend Our Steel Industry
By Jeff Ferry, CPA Research Director
This past April, on a 92-mile bike ride through the hills of Monterey, California, I met a young man I’m proud to call a friend, Rasheen Malone.
Working Paper: Do Savings Rates Cause Trade Deficits?
By Michael Stumo, CEO of CPA, and Jeff Ferry, Research Director
Some influential economists misleadingly assert that US trade deficits are caused by American households failing to save enough and also by federal budget deficits. Taking action against strategic foreign economic policies, their story continues, would be futile....
Feds Should Stop Chinese Acquisition of Sole U.S. Rare Earth Mine
By Jeff Ferry, CPA Research Director
A U.S. bankruptcy court has decided to sell a California mine, the sole U.S. source of rare earth minerals, to a consortium including Chinese mining company Shenghe Rare Earth Shareholding Co. If the transaction goes ahead, this would turn over the unique domestic producer...
CPA Written Testimony: NAFTA Negotiations
The Office of US Trade Representative requested comments from interested parties regarding a June 27, 2017 hearing regarding NAFTA Renegotiations. This is CPA's official written testimony submitted in response.
Summary
The US needs to rethink trade agreements and unilateral trade policy options to better connect them with...
US Fruit & Vegetable Imports Skyrocket After Trade Agreements
By Jason Cooper (CPA Research Assistant), Jeff Ferry (CPA Research Director), Michael Stumo (CEO of CPA)
Introduction
Trade in many fruit and vegetables has been disastrous for US agriculture and American farmers over the last two decades, following ratification of free trade agreements, notably those with Mexico (NAFTA),...
Trade Deficit Up, Employment Growth Weak in Latest Government Figures
By Jeff Ferry, CPA Research Director
A strong rise in April’s trade deficit and lackluster growth in May employment figures underscore the challenges facing the Trump Administration as it tries to piece together an economic growth strategy.
CPA Testimony: How Tax Reform Will Grow Our Economy and Create Jobs
The Coalition for a Prosperous America (CPA) appreciates the opportunity to provide testimony to the Committee on Ways and Means regarding the likely impact of tax reform on the US economy. CPA is a national,...
CPA Testimony: Omnibus Report on Significant Trade Deficits - CPA2017
The Coalition for a Prosperous America (CPA) appreciates the opportunity to provide testimony to the US Department of Commerce regarding the impact of significant bilateral deficits on the US economy. CPA is a national, non-partisan...
In Praise of William J. Baumol, Economist Who Identified Market Imperfections
By Jeff Ferry, CPA Research Director
On May 4th, Professor William J. Baumol died at the age of 95. He was a prodigious writer and innovator in economic theory, author of some 500 papers over the more than half a century he taught at Princeton University and NYU.
Upcoming Commerce Department Hearings To Give New Impetus To Battle To Fix Trade
By Jeff Ferry, CPA Research Director
The Trump Administration’s views on some issues (think health care) has evolved over recent months. But on foreign trade, the Administration has consistently stuck to Donald Trump’s pre-election view that past trade deals have been a lousy deal for the U.S. worker and they...
Border-Adjustable Taxes, The Dollar and Alternatives
By Jeff Ferry, CPA Research Director, and Michael Stumo, CEO of CPA
The Republican business tax reform plan, also known as the House GOP Blueprint or the Ryan-Brady plan, features a type of border-adjustable tax (BAT).
Don’t Believe What They Tell You About Foreign Investment
By Jeff Ferry, CPA Research Director
We often hear of state and federal officials chasing after foreign investment dollars, trying to bring money into the U.S.