The CPA is Washington’s leading organization fighting for a new trade policy to deliver balanced trade, restored health for American industries, broadly-shared economic growth, and more jobs for American workers. Learn about the key trade issues impacting the US economy that must be solved. Research by CPA staff takes a deeper look at these issues and which policy changes can lead to dramatic improvement.
CPA Research
Republican Marco Rubio Says the US Needs To Look Beyond Shareholder Value For Economic Success. He’s Right.
June 25, 2019
By Jeff Ferry, CPA Chief Economist
Last month, Sen. Marco Rubio (R-FL) published one of the most enlightening and surprising reports from a member of Congress in a long while.
Inflation Undershoots Again in May —Tariff Effect Nowhere To Be Seen
June 12, 2019
By Jeff Ferry, CPA Chief Economist
This morning the Bureau of Labor Statistics (BLS) published the May consumer price index, and once again inflation has undershot Wall Street expectations.
US Trade Deficit with China Increases in April
June 06, 2019
By Steven L. Byers, PhD, CPA Senior Economist The US international trade deficit in goods and services for April 2019 declined slightly to $50.8 billion, down $1.1 billion from $51.9 billion (revised) in March. US goods exports fell $4.4 billion, and services declined by $185 million. US goods imports declined...
Tax Strategy
Tax Changes May be Afoot for Multinational Entities
June 06, 2019
By David Morse, Tax Policy Associate Director Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many multinational enterprises (MNE)....
CPA Briefing Paper: Why Economic Forecasts of the Effects of Trade Action Are Consistently Wrong
June 05, 2019
Jeff Ferry, Chief Economist
Steven Byers Ph.D., Senior Economist
June 2019
This Briefing Paper looks at the shortcomings of economic models of trade action, their causes, and modifications to improve the accuracy of these forecasting models.
CPA Study Shows Across-the-Board China Tariff Would Boost US Economy, Create Thousands of Jobs
May 15, 2019
By Jeff Ferry and Steven L. Byers, PhD Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and the creation...
US Trade Deficit Edges Up To $50.0B as China Deficit Shrinks to Lowest in Five Years
May 09, 2019
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services edged up in March to $50.0 billion, slightly worse than February’s $49.3 billion. But the big news in today’s report from the Department of Commerce was that the US goods deficit with China has fallen significantly,...
When Chinese Networks Spy On Their Users
May 07, 2019
By Jeff Ferry, CPA Chief Economist
On April 30th, global wireless telecom company Vodafone went public with a statement to Bloomberg News saying that the London-based wireless provider found “hidden backdoors,” i.e. multiple security flaws in the wireless network supplied by Chinese network provider Huawei.
Tax Strategy
Does Nike Play Fair in Oregon?
April 26, 2019
By David Morse, Tax Policy Associate DirectorMultinational companies are on the verge of outmaneuvering small domestic companies in Oregon by avoiding the business taxes that domestic companies pay. Specifically, Nike is close to ensuring the Oregon Joint Committee on Student Success raises taxes on businesses using a gross receipts tax...
The US is the world leader in 5G; We’re just missing one piece
April 25, 2019
By Jeff Ferry, Chief Economist
There is widespread concern in the US, ranging from cable TV shows right up to the White House, that the US is losing the race for 5G wireless networks. The concern is right, but the analysis is wrong.
February Trade Deficit Improves 3.4% To $49.4B As China Deficit Hits Best Level in 23 Months
April 17, 2019
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services for February was $49.4 billion, an improvement of 3.4 percent over the January figure of $51.1 billion, providing more evidence that tariffs are reducing the US deficit. That’s according to figures published today by the Department...
Tax Strategy
What is the Golden Age of Taxation?
April 11, 2019
By David Morse, Tax Policy Associate Director
“There is not going to be a return to a golden age of tax, this is about change,” declared Will Morris, chair of the Business and Industry Advisory Committee to the OECD’s Committee on Taxation and Fiscal Policy.
January US Trade Deficit Improves By $8.8B as China Deficit Shrinks to 7-Month Low
March 27, 2019
By Jeff Ferry, CPA Chief Economist
The US trade deficit in January 2019 shrunk dramatically, coming in at $51.1 billion, $8.8 billion below the December level and $1.9 billion below the year-ago January level.
US Trade Deficit Hits $621B in 2018; Goods Deficit & China Deficit Hit New Records
March 06, 2019
By Jeff Ferry, CPA Chief Economist Data published this morning by the Department of Commerce show that US trade figures continued to worsen in December and for the year 2018, in response to the strengthening dollar, a fast-growing US economy, and a surge in imports to front-run last year’s tariffs,...
Chinese Provinces Still Quietly Implementing Made in China 2025
March 05, 2019
By Steven Byers, CPA Senior Economist Last summer, Chinese officials began talking about the liberalization of Chinese markets, in response to criticism of the highly nationalist and protectionist Made in China 2025 (MIC2025) strategic plan. That was in response to growing trade tensions with the US, and other foreign governments and...
Solar Power Deployments Up 4.5% Last Year as Tariffs Stimulate Manufacturing Expansion
February 14, 2019
By Jeff Ferry, CPA Chief Economist
The solar power industry enjoyed a healthy 2018, with solar deployments rising 4.5 percent to 11.6 Gigawatts installed last year.
Currency Misalignment
Working Paper: Quantifying Economic Growth and Job Creation from a Competitive Dollar
February 14, 2019
This Working Paper presents the results of a CPA econometric model testing how much dollar adjustment is needed to balance US trade in six years and the dramatic economic benefits that would result from the adjustment.
by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist)
New Anti-Tariff Study Again Cries “Wolf”
February 08, 2019
Erroneous 2018 Predictions Repeated By Steven Byers, CPA Senior Economist Nearly a year after predicting 470,000 jobs would be lost due to President Trump’s tariffs on imported steel and aluminum, Trade Partnership Worldwide has published an updated study titled “Estimated Impacts of Tariffs on the US Economy and Workers.” The new report examines potential future impacts from...
Trade Deficit Moderates to $49.3B in November; China Deficit Improves Sharply
February 07, 2019
By Jeff Ferry
CPA Chief Economist
Trade data for November 2018 published Wednesday by the Department of Commerce indicates that the Trump Administration’s tariffs may finally be improving our balance of trade.
Why China is Losing the Trade War
February 05, 2019
By Jeff Ferry, CPA Chief Economist Three things happened last week that made me feel more confident than ever that US tariffs are working and China is losing the so-called “trade war,” which is not a war at all but simply a battle to enable the US economy to stand...
