Editor’s note: CPA’s recent study on the positive impact of tariffs was covered in the Epoch Times. Despite many critics projecting that tariffs will push the U.S. economy into a recession, a newly released study predicts that the duties will promote job growth in the United States. [ NATHAN SU | December 4, 2018 | Epoch Times]…
Non-competitive Dollar, Front-Running of Tariffs Drive Up October Deficit, Imports By Jeff Ferry, CPA Research Director The monthly US trade deficit rose by $0.9 billion in October, reaching $55.5 billion, as exports fell slightly while imports rose by $600 million. The monthly data suggests that tariffs have yet to impact the trade picture. Anecdotal evidence…
Editor’s note. This four year old article by Jared Bernstein, former Chief Economist for former VP Joe Biden is an excellent explanation of why and how the US dollar value has a major influence on our trade deficit. CPA has the solution, a market access charge to moderate incoming capital flows and push the dollar down to…
The CPA Education Fund, the charitable arm of the Coalition for a Prosperous America, is looking for a Marketing and Development Manager who is an excellent oral communicator, highly organized and a self starter. The candidate will help organize and oversee our membership relations, communications, development efforts and education programs. He or she should have…
By Jeff Ferry, CPA Research Director Since January, the Trump administration has implemented five major tariff policies, on the solar panel, washing machine, steel, and aluminum industries, as well as the so-called Section 301 tariffs affecting $250 billion worth of Chinese imports, chiefly in intermediate manufactured goods. And so far, the evidence is that the…
Editor’s note: This is a positive development. WASHINGTON—President Trump has named U.S. Trade Representative Robert Lighthizer, a hard-liner on China, to head trade negotiations with Beijing following a weekend summitwith Chinese President Xi Jinping, people familiar with the decision said. [ Bob Davis and Vivian Salama | December 3, 2018 | WSJ] The president informed Mr. Xi of his…
Excerpt: Many of the people who contributed to the report are prominent scholars with a deep affection for China who held out hope that its government would liberalize. Their disillusionment represents a shift in the debate over the trajectory of U.S.-China relations. More hawkish administration officials and advisers said they saw the report as evidence the U.S. China-policy establishment is…
Editor’s note: CPA believed it was likely that President Trump would terminate NAFTA as he sought approval for the US-Mexico-Canada Agreement. This article confirms our belief. Doing so significantly increases the odds for passage. CPA has taken no position on the USMCA at this time. The president on Saturday made official what has long been…
Trump-Xi deal understandable, but meaningful action doubtful Washington. President Trump met with Chinese President Xi Xinping at the G20 this past weekend. The two leaders forged a preliminary agreement to delay a planned January increase in US Section 301 tariffs—which were set to rise from 10 percent to 25 percent on $200B of Chinese imports. The Coalition for…
Editor’s note: It is very important to fix the noncompetitive dollar. The economic surge for farmers, ranchers, workers and manufacturers would be very large. It made for heavy news this week. General Motors announced plans to cease production at five plants that could lead to roughly 14,700 layoffs by the end of 2019. GM shutdowns will hit hardest in industrial states like…
