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 the model more accurate. We…
Chief economist argues KORUS made up to 194,000 Americans unemployed Washington. The Coalition for a Prosperous America (CPA) will testify today at a hearing of the U.S. International Trade Commission (ITC). CPA Chief Economist Jeff Ferry will detail flaws in the ITC’s most widely-used economic model for trade and will offer a revised model that…
By Kenneth Rapoza, CPA Industry Analyst The Bureau of Economic Analysis released its monthly trade figures on Tuesday, showing a declining trade deficit with China, and some other key trading partners over the course of the year. The goods trade deficit in August hit $83.9 billion, but on a year to date basis the goods…
CPA’s Take: Today USTR Robert Lighthizer took the unusual step of issuing a statement on today’s monthly trade figures. Washington, DC – Ambassador Robert Lighthizer issued the following statement today concerning the August 2020 trade data released by the U.S.Department of Commerce: [FOR IMMEDIATE RELEASE | October 6, 2020 | USTR.gov] “The trade data released today…
