The Year in Trade 2020
By Steven L. Byers, PhD, and Jeff Ferry Last year the US registered its largest trade deficit in 12 years and its largest-ever deficit in goods
CPA Reshoring Index Shows Manufacturing Import Penetration Hit New Low in Q1 2020
By Steven L. Byers, PhD, and Jeff Ferry The CPA Reshoring Index (CRI) rose to +173 in the first quarter of 2020, indicating that US
Supercharging Infrastructure Spending With Strict Buy America Rules
According to a new CPA analysis, a Congressional five-year $1.5 trillion infrastructure investment plan could create 2.5 million jobs by 2025 while bringing sorely needed
A National Manufacturing Strategy for Semiconductors
By Jeff Ferry, CPA Chief Economist Joe Biden is getting lots of advice from many quarters for his new administration. But last week he got
Tariffs Are Keeping US Steel Production Strong
With imports down, America’s steelmakers have started investing at home. Americans may not be aware of it, but the United States has been experiencing a
How Tariffs Are Benefiting US Manufacturing
By Jeff Ferry, CPA Chief Economist Last year, the US raised the share of domestic demand for manufactured goods met by US production for the
Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment
In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the
CPA Testimony on Economic Modeling of Trade Agreements
On Oct. 6th, CPA testified at a hearing of the US International Trade Commission on trade agreements. We focused on the failure of economic models
Modeling the Effect of the Market Access Charge on Exchange Rates, Interest Rates and the US Economy
This Working Paper examines the impact of the proposed Market Access Charge (MAC) on international capital inflows into the US economy and the domestic US
Aluminum Tariffs Re-Imposed After Canada Breaches USMCA Commitment
By Jeff Ferry, CPA Chief Economist Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which
