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Research

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.

Research Articles

Five Signs of the Coming Deglobalization

January 04, 2021
By Jeff Ferry, CPA Chief Economist As 2021 begins, there are some encouraging signs of the coming deglobalization. Globalization in the economic sense is the process by which production moves from high-income nations to low-income nations, driving all nations towards a global mean, with a reduction in living standards for...

Why There Will Be a UK-EU Trade Deal By New Year’s Eve---and What the US Can Learn From It

December 14, 2020
By Jeff Ferry, CPA Chief Economist If you’re not following the UK-EU trade deal negotiations, this is Europe’s greatest current cliffhanger, pushing even the COVID crisis off the front pages in Britain and many EU nations. The European Union is no stranger to last-minute, through-the-night negotiations, but the stakes are...
Tax Strategy

Paycheck Protection Program (PPP) Legislation for Christmas

December 09, 2020
by David Morse, Tax Policy Director Congress seems likely to attach COVID-19 relief to a must-pass omnibus spending package before adjourning at Christmas this year. However, Congress will need more time to negotiate both regular government funding and extra relief provisions. The new bipartisan package that restarted negotiations includes a...
featured
manufacturing
technology

A National Manufacturing Strategy for Semiconductors

November 30, 2020
By Jeff Ferry, CPA Chief Economist Joe Biden is getting lots of advice from many quarters for his new administration. But last week he got some from an unexpected quarter: Bob Swan, CEO of Intel, published an open letter urging Biden to pursue a national manufacturing strategy for the US...
tariffs
steel
China
manufacturing
Trade and Tariffs
jobs
wages
supply chain

U.S. Steel Production is Booming Due to Steel Tariffs

November 12, 2020
By Jeff Ferry, CPA Chief Economist On Oct. 20th, US Steel produced the first ton of steel from a brand new steelmaking facility in Fairfield, Alabama. The new facility uses the latest, cleanest steelmaking technology, an electric arc furnace (EAF), and will produce 1.6 million tons of steel a year....
manufacturing
Trade and Tariffs

How Tariffs Are Benefiting US Manufacturing

October 28, 2020
By Jeff Ferry, CPA Chief Economist Last year, the US raised the share of domestic demand for manufactured goods met by US production for the first time in six years.
Renewable Energy

US Must Resist China’s Latest Efforts to Dominate Solar Power Industry

October 27, 2020
By Jeff Ferry, CPA Chief Economist Last year was a great year for the US solar power industry.
trade
Trade and Tariffs

Towards Better Economic Modeling of Trade Agreements

October 25, 2020
Summary of CPA Testimony to the ITC on Oct. 6, 2020 By Jeff Ferry, CPA Chief Economist On Oct. 6th, CPA submitted oral and written testimony to the US International Trade Commission on the economic modeling of trade agreements (TA’s).
Tax
Tax Strategy
working paper

Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment

October 21, 2020
In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last...

CPA Testimony on Economic Modeling of Trade Agreements

October 06, 2020
On Oct. 6th, CPA testified at a hearing of the US International Trade Commission on trade agreements. We focused on the failure of economic models to accurately forecast the impact of trade agreements on the US economy. We demonstrated how modifications of the standard economic model for trade can make...