CPA reaction to State of the Union Speech

“Many of our members have been directly impacted by China’s ongoing economic aggression…. “Many of our members have been directly impacted by China’s ongoing economic aggression. In tonight’s State of the Union, we were gratified to hear President Trump reaffirm his commitment to confronting predatory trade. We look forward to working with his administration on…

Steel Group Wants Tariffs on Building Products

Editor’s note: Steel fabrication products were left out of the Section 232 tariffs on steel. The best method of implementing tariffs is to cover the supply chain, so foreign cheating companies are unable to circumvent the tariffs by simply selling downstream products. This petition by the American Institute of Steel Construction seeks to remedy the omission…

Why China is Losing the Trade War

By Jeff Ferry, CPA Chief Economist Three things happened last week that made me feel more confident than ever that US tariffs are working and China is losing the so-called “trade war,” which is not a war at all but simply a battle to enable the US economy to stand once again on its own…

Updated Employment Multipliers for the U.S. Economy

Editor’s note: This Economic Policy Institute’s study quantifies the extent to which creating or destroying jobs in manufacturing has large indirect jobs ripple effects as compared to the service sector. Anyone involved in economic policy planning should understand these effects.    [Josh Bivens | January 23, 2019 | Economic Policy Institute] When it comes to…