By Kenneth Rapoza, CPA Industry Analayst First reported by subscriber service World Trade Online, the US government wants to make labor rights an increasing part of good trade relations. But will the Davos crowd pay attention? Human rights will continue to be another way to hit back at multinationals using forced labor in Western China.…
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…
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…
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…
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…
This Working Paper examines the impact of the proposed Market Access Charge (MAC) on international capital inflows into the US economy and the domestic US economy. We build a model including the relationships between US capital flows, the dollar exchange rate, US trade, and the US domestic economy. Our conclusion is that a 5% MAC…
By Kenneth Rapoza, CPA Industry Analyst The Office of Trade and Manufacturing Policy recently published a quick look at some of the ways the government has tried protecting US manufacturing jobs. The White House released its report on its Buy America track record on Friday, and as we approach an election, we are hopeful that…
CPA’s Take: CivicaRX CEO Martin VanTrieste explains why it is essential, and achievable to reshore pharmaceutical production to the US. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices. [Martin Vantrieste…
Fee on foreign transactions could make dollar more competitive Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the benefits of realigning the U.S. dollar. Currently overvalued by an estimated 27 percent, the U.S. dollar has become a serious impediment to U.S. export competitiveness. The CPA study found that a…
The US economy gained 661,000 jobs in September, far below the 1.4 million jobs added in August as coronavirus restrictions continue to lift, but it was enough to take another bite out of the unemployment rate. September unemployment declined to 7.9% from 8.4% in August, the Bureau of Labor Statistics (BLS) reported today. The Private…