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

Trade and Tariffs

The Year in Trade 2020

February 11, 2021
By Steven L. Byers, PhD, and Jeff Ferry Last year the US registered its largest trade deficit in 12 years and its largest-ever deficit in goods trade. In this article, we review the main trends in US international trade in 2020.

Book Review: The World Turned Upside Down: America, China, and the Struggle for Global Leadership by Clyde Prestowitz

February 01, 2021
Book Review by Jeff Ferry, CPA Chief Economist This book by foreign and economic policy veteran Clyde Prestowitz would make ideal bedside reading for every member of Joe Biden’s cabinet. In crystal-clear terms and with a deep historical perspective, Prestowitz explains the threat posed to the US and the west...

Jaw-Dropping Solar Manufacturing Expansion by China Threatens US Industry

January 28, 2021
By Jeff Ferry, CPA Chief Economist In the last two years, the US solar manufacturing industry has rebuilt itself and reached a stronger position than at any time in a decade, helped by tariffs on imported solar modules produced by subsidized Chinese companies. The US now has two gigawatt (GW)-scale...
supply chain

Cut Out the Middlemen to Make Room for US Pharmaceutical Manufacturers

January 20, 2021
By Jeff Ferry, CPA Chief Economist Drug shortages are a widespread problem in the US today. The American Medical Association reported a spike in drug shortages in early 2020 as COVID cases required doctors to write prescriptions for patients afflicted with the virus. The shortage particularly affected “analgesics, sedatives, and...

Ten Proposals for the Biden Administration

January 18, 2021
By Jeff Ferry, CPA Chief Economist As the Biden administration takes office, our nation is in the grip of bitter bipartisan divisions. However, beneath the superficial rhetoric, there is a surprising degree of agreement on some important issues.

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...

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...
Trade and Tariffs
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....