X

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.

CPA Research

Turkey’s Problems Not Due to Trump’s Trade Policies

August 20, 2018
By Jeff Ferry, CPA Research Director Turkey’s currency crisis is threatening the Turkish economy and there is a genuine risk that this could spill over into other emerging market economies with excessive foreign indebtedness.

Update: Tariff Job Gains Exceed Losses by 20:1

August 17, 2018
11,100 Job Gains vs. 514 Job Losses So Far By Jeff Ferry, CPA Research Director We’ve had a very positive response to our CPA Tariff Job Creation Tracker, published earlier this week showing gains of 11,100 jobs in four major sectors affected by tariffs.

The Untold Story: Tariffs Are Driving Job Creation

August 13, 2018
By Jeff Ferry, CPA Research Director It’s just six months since the first of the Trump administration’s tariffs went into effect and the job gains are already visible.

Why Trump Hit the Koch Globalists on Tax

August 08, 2018
By David Morse, CPA Tax Policy Associate Director President Trump struck against the Koch Brothers and their network last week in a tweet stating: “They want to protect their companies outside the U.S. from being taxed, I’m for America First & the American Worker - a puppet for no one. Two...

Overexposed

July 30, 2018
By Jeff Ferry, CPA Research Director Summary: This article looks at China’s heavy dependence on - or overexposure to - the US for their trade surplus and their exports. It examines different ways of counting the China trade surplus, finding that on one alternative measure it could be as much...

What Trade War? Real GDP Surges 4.1% on Exports and Consumer Spending

July 27, 2018
By Jeff Ferry, CPA Research Director US gross domestic product (GDP), adjusted for inflation, grew by a 4.1% annual rate in the second quarter of this year, the fastest quarterly growth rate since 2014, showing that economic growth is surging ahead, unaffected by—or perhaps boosted by--trade actions by the Trump...

Other Nations Following US Lead on Steel Tariffs

July 19, 2018
When the Trump administration imposed 25% tariffs on steel imports in March this year, some other nations loudly criticized the move. Now, surprise, surprise, they are shifting gear—and jumping on the tariff bandwagon.

May Trade Deficit Shrinks 7% To $43B, Year-to-Date Deficit Up 8% at $245B

July 12, 2018
By Jason Cooper, CPA Research Assistant According to the latest US government report the US trade deficit in May was $43.1 billion, the smallest deficit since September of 2017.  The smaller deficit was driven by a $3.7 billion increase in exports from April to May, with exports of $144.9 billion...

Happy Half Birthday TCJA

July 12, 2018
Tax Cuts Reach Six-Month Mark By David Morse, CPA Tax Policy Associate Director It’s been six months since President Trump signed the Tax Cuts and Jobs Act (TCJA). And the legislation has enjoyed a rosy afterglow, receiving credit for every bonus or capital expenditure. But tax analysts agree that it’s simply...

Stumo Commentary: Whose Trade War Is It Anyway?

July 11, 2018
by Michael Stumo, CEO of CPA I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely.  Here it...

How The Dollar Exchange Rate Can Help US Agriculture

June 29, 2018
By Jeff Ferry, CPA Research Director Some agricultural commodities have seen price declines in recent weeks due to uncertainty over international trade relationships.

Harley Davidson Loves Tariffs

June 28, 2018
by Michael Stumo, CEO of CPA Contrary to what you may have heard, Harley Davidson, the iconic American motorcycle company loves high tariff countries. Company management loves tariffs so much, it moves production to countries with the highest motorcycle tariffs in the world.

White House Documents Tools and Strategies Behind Chinese “Economic Aggression”

June 21, 2018
By Jeff Ferry, CPA Research Director The White House published on Tuesday a document detailing the wide range of tools and strategies used by the Chinese government to steal, extort, and otherwise gain access to American intellectual property (IP) to support their drive to become a leading global economy with...
Trade Enforcement

Aluminum Tariffs Must Be Extended To Cover Aluminum Cables

June 05, 2018
By Jeff Ferry, CPA Research Director On March 8th, the president announced tariffs of 25% on steel imports and 10% on aluminum tariffs.
Currency Misalignment

CDJP Act Webinar

May 30, 2018
CPA held a webinar discussing how to fix the dollar and balance trade with the Competitive Dollar for Jobs and Prosperity Act. In case you missed it, the slides for the webinar are below.  They are a good resource to become educated on the economics and the proposed bill itself...
Currency Misalignment

Capital Flow Management Lessons from Other Countries

May 30, 2018
CDJPA Research Note #3 By John Hansen (CPA Advisory Board) and Jeff Ferry (Research Director) Passage of the Competitive Dollar for Jobs and Prosperity (CDJP) Act by Congress will establish the Market Access Charge as America’s first permanent tool to drive the US dollar to a competitive value and keep...
Currency Misalignment

CDJP Act: Minimal Impact on Interest Rates

May 24, 2018
CDJPA Research Note #2 By John Hansen (CPA Advisory Board) and Jeff Ferry (Research Director) The aim of the Competitive Dollar for Jobs and Prosperity Act is to make the dollar exchange rate competitive by discouraging foreign investment in dollar-denominated financial assets. The CDJPA does this by establishing a Market...
Currency Misalignment

How Much Will the CDJP Act Devalue the Dollar Value to Achieve its Goals?

May 23, 2018
CDJPA Research Note #1 By John R. Hansen (CPA Advisory Board) and Jeff Ferry (CPA Research Director) Implementation of the Competitive Dollar for Jobs and Prosperity Act (CDJP Act) will gently lower the dollar’s value to a competitive exchange rate and keep it competitive over time. The Act provides the...

Address by Michael Stumo to the John William Pope and Jesse Helms Center Foundations

May 21, 2018
Address by Michael Stumo, CEO, the Coalition for a Prosperous America (CPA), to the John William Pope and Jesse Helms Center Foundations. May 11, 2018, Raleigh, NC. Foreign Policy, Trade, and Energy Challenges in the Age of Trump.

Free-Trade Economists Begin To See the Light on Trade and Globalization

May 08, 2018
By Jeff Ferry, CPA Research Director For decades, economists have taught David Ricardo’s Law of Comparative Advantage as if it is an absolute law.  But the tide is turning, as some highly respected economists are now moving away from the doctrinaire position that all free trade is always good everywhere,...