The Trade Deficit is Worse Than We Thought: De Minimis Hides $128 Billion of U.S. Imports

            Summary: This is the first ever estimate of substantial missing import data due to the U.S de minimis program. The “de minimis” provision of U.S. customs law allows imports valued at less than $800 to enter the U.S. duty-free. The impact of de minimis on the U.S. economy is large and getting larger. We…

Alternative Pillar 1 Formulas for International Fairness

by Jeff Ferry and David Morse Jeff Ferry is chief economist and David Morse is tax policy director at the Coalition for a Prosperous America. They thank Mary Hollenbeck for her data collection and additional research for this article.In this article, Ferry and Morse examine the advantages and disadvantages of pillar 1 of the OECD…

CPA Applauds Trade Title of House China Competition Bill

“Most pro-worker trade legislation introduced in Congress in decades.” WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the trade title of House Democrats’ China competition bill, the America COMPETES Act of 2022, which contained a number of provisions that CPA supports and encouraged the House to include. The trade title of House…