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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.

CPA Research

Balanced Trade

January Trade Deficit Surge Driven By Rising China, Japan, Germany Deficits

March 08, 2017
By Jeff Ferry, CPA Research Director   The United States’ trade deficit surged 12% in January 2017 to hit $48.5 billion, its highest level in almost five years. 
Trade Agreements

Why a Trade War Won’t Happen…But We Would Win If It Did

March 07, 2017
By Jeff Ferry, CPA Research Director  There has been lots of talk of the danger of “trade wars” in newspapers in recent months. The Trade War Alarmists are likely wrong. 
Balanced Trade

Economic Analysis: Re-Exports Are Not Real Exports

February 22, 2017
By Jeff Ferry, CPA Research Director Today the CPA published a new article on the U.S.’s Top Ten Bilateral Deficit Nation Trading Partners featuring the latest data for last year. You can read it here. In a nutshell, our trade deficit in goods has increased twenty-fold in the last 25 years...

Economic Analysis: America’s Top 10 Trade Deficit Countries: A Closer Look

February 22, 2017
By Jason Cooper, CPA Research Assistant In 2016 the U.S. ran an overall $946 billion trade deficit* in goods, seven times the 1992 level. In the 23 years from 1992 to 2016, the deficit has risen dramatically, from 1.3% of our GDP to 5.1%. Our global goods deficit is driven...
Currency Misalignment

Fixing the Bloated Dollar

February 14, 2017
By Jeff Ferry, CPA Research Director The fear is growing that a rising dollar could sabotage any effort by the Trump Administration to improve the U.S. trade balance as a means of improving the health of our manufacturing industry.
Trade Agreements

CPA Commentary: More Economists and Leading Politicians Recognize the Trade Problem

February 09, 2017
By Jeff Ferry, CPA Research Director Sometimes the victories come so thick and fast, you have to sit down, take a deep breath, and count them. 

Trade Deficit Hits Four-Year High

February 08, 2017
By Jeff Ferry, CPA Research Director The United States trade deficit for 2016 rose to $502.3 billion, its highest level since 2012, as a growing U.S. economy, a rising U.S. dollar, mercantilist practices by many foreign trading partners, and generally lackluster economic growth in foreign markets combined to make the trade...
Balanced Trade

News Analysis: Trade Deficit Worsens, 2016 Manufacturing Deficit Heading for $800B

January 09, 2017
By Jeff Ferry, CPA Research Director The US trade deficit grew 6.8% in November to $45.2 billion, its worst monthly figure in nine months. The November report hammered home the challenge of a large and growing manufacturing deficit and large bilateral deficits with many trading partners. 
Balanced Trade

Economic Analysis: The Job Cost of Imports

January 05, 2017
By Jeff Ferry, CPA Research Director  A new CPA economic analysis estimates that for each $1 billion of additional imports into the U.S. costs the nation 4,552 jobs. On this basis, the rise in imports from 2009 to 2015 has meant the loss of over 3 million jobs. 
Trade Enforcement

Legislative Analysis: History of Buy American Legislation from 1933 to Today

January 05, 2017
By Jason Cooper, CPA Research Assistant US Buy America laws mandate that the government prefer domestic products over foreign ones when making purchases.  Free trade agreements (FTAs) carve out exceptions to that mandate by requiring that the government treat the products of most of our major trading partners as equivalent...
Trade Enforcement

Legislative Analysis: The Enforce and Protect Act of 2016

December 21, 2016
By Jason Cooper, CPA Research Assistant The USA places duties on trade in response to unlawful trade practices by foreign companies, but in some cases companies illegally bypass those duties, gambling that they won’t get caught.  In February of 2016 the Enforce and Protect Act (EAPA) was passed to improve...
Balanced Trade

Balanced Trade: Guiding US Economic Rebirth and Job Creation

December 21, 2016
By Jeff Ferry, CPA Research Director Summary The US government should adopt balanced trade as a key performance measure for trade policy. Following 40 years of recurrent trade deficits, our industrial base is depleted, American living standards have suffered, many of our cities and towns are in disrepair, and social...

New report on dumb economic studies of trade deals

November 30, 2016
By Michael Stumo The US International Trade Commission (USITC) and private think tanks usually do "studies" to project the impacts of trade deals. We now have more information on how freakishly wrong those studies are.

The working class election

November 28, 2016
By Michael Stumo While identity politics was a big part of the media's election narrative, those issues did not actually drive voters' election choices. Instead, exit polls showed they voted on the basis of the economy, not identity.

Rational Nationalism: The bipartisan antidote to globalism's failures

October 25, 2016
by Michael Stumo This is a great election season.  Why? Because the disparity between the utopian globalist elite and the various flavors (good and bad) of nationalism is in stark relief. We have a great opportunity for a reset whoever wins.Yes, yes, I know that the political discourse is ugly....