Tariffs and Inflation: The Dog that Didn’t Bark

Press reports say that Treasury Secretary Janet Yellen is arguing for repealing a broad set of U.S. tariffs, allegedly as a way to fight inflation. Her argument is said to rely on a set of reports[1] published in March by the Peterson Institute that claimed that cutting tariffs would cut 1.3 percentage points off the…

How The Record Q1 U.S. Trade Deficit Shrank the Economy

For years, mainstream politicians and economists have pooh-poohed America’s huge and growing trade deficits and tried to argue they don’t matter. In the first quarter of 2022, those commentators got a wake-up call from the Bureau of Economic Analysis. On April 28, the BEA issued a press release pointing out that U.S. gross domestic product…

Tariffs Could Have Helped Us Avoid the Current Inflation Spike

  By Amanda Mayoral   Summary Global supply-chain crises, over-dependence on foreign production and government stimulus best explain the current inflation problem. Policy makers should learn from current crises and enact policies to reduce our strong dependence on unreliable foreign suppliers. Tariffs can cause a one-time rise in prices, but they don’t cause persistent month-after-month…

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Key insights on US trade and its impact on the US and world economy.

The US has run a trade deficit every year since 1975, a 43-year run, unprecedented since economic record-keeping began. The CPA Trade Database provide insight into the causes and consequences of our trade deficit.



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In 2019 the U.S. trade deficit with China hit its lowest point in three years. This was in due to the trade policies enacted by the U.S. government that have been championed by CPA for years. CPA understands what policies are necessary to balance out trade defecit with foreign nations and grow our manufacturing base. I am proud to be a member of this strategic and tactical coalition.

Paul Wellborn, Wellborn Cabinet

For Media Inquires, Please Contact Nick Iacovella, CPA Communications Director
P: 202-688-5145 ext 0 | E: [email protected]