By Jeff Ferry, CPA Research Director General Motors is having a very good year in 2018. That’s right. You read that right, a good year. Maybe even an excellent year. In Q3, its earnings performance knocked it out of the park. Wall Street was expecting earnings of $1.25 and the carmaker delivered $1.87. On the…
Throughout 2018, there has been a constant wave of criticism regarding the tariffs that President Trump imposed on an array of imports, principally from China. Op-ed by Jeff Ferry, CPA Research Director, appeared in The Hill on December 17, 2018 However, the evidence shows that the tariffs are actually working. Economic growth is up, inflation is under…
Editor’s note: This is an excellent article with a short economic history of how strategic trade, in the form of tariff intervention, is a fundamental part of how successful nations grow from poor to rich. From Great Britain to the United States to China. [Spencer P. Morrison| December 11th, 2018 | American Greatness] China’s economy is…
Editor’s note. The US China skirmish is really about whether our economic, military and geopolitical strength will be eroded. The massive technology theft is only one piece. Count the straws in the wind, and it looks like the trade tensions between the U.S. and China could be moving closer to a resolution. Don’t relax just yet,…
Editor’s note: This article is posted because the UK’s trade deficit in goods was one reason voters approved Brexit last year. It parallels the trade deficit harm caused in the US. Excerpt: “One priority is a sustained effort to promote manufacturing, which provides well-paid jobs and is especially important in the Midlands, the north of England and Northern Ireland.…
Editor’s note: Ralph Gomory, the author of this article, serves on the CPA Advisory Board. Trade is not working out for our country in the widely beneficial way that it can and should. This is happening because the focus of large American companies on stockholder gain as their only goal makes it possible for trade…
Editor’s note. It is a win if companies move out of China, which uses predatory economic strategies to achieve larger global goals. It is a bigger win if the companies move to the US. GoPro announced on Monday that it plans to move “most of its US-bound camera production” out of China by summer 2019…
By Jeff Ferry, CPA Research Director On Dec. 6th, the Tax Foundation published a brief document claiming that the tariffs implemented by the Trump administration earlier this year impose a $42 billion cost on Americans. The claim is wrong and based on misleading analysis, as a quick look at the facts and economic analysis of…
Earlier this year, trade experts explained to two audiences in Seattle how workers should adjust to the global economy. Workers displaced by global competition could learn computer skills and move to Boston, San Francisco, and Seattle. [Stan Sorscher | December 7, 2018 | The Stand] One of the experts expressed disappointment at her failure in…
Editor’s note: CPA board member Zach Mottl, Atlas Tool, appeared on Fox News to discuss China’s intellectual property theft, why they will not change, and why the administration is right to impose tariffs.
