Tide of Multinationals Leaving China Turns Into a Flood

By Jeff Ferry, CPA Chief Economist It took 20 years for China to disrupt global supply chains and build up the world’s largest manufacturing base. In the process they decimated US manufacturing sectors like computers, telecommunications, and furniture. It seems to be taking just two years for China’s manufacturing dominance to crumble before our eyes.…

Update: Across-the-Board Tariffs on China with Retaliation & Federal Spending Create Over 1 Million Jobs in Five Years

This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy. by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist) The Coalition for a Prosperous America (CPA) has updated a prior study on the impact of permanent tariffs on all Chinese imports. Specifically, we…

We Need An American Alternative to Huawei

By Jeff Ferry, Chief Economist President Trump’s decision over the weekend to allow US component and chip companies to sell to Chinese network builder Huawei was a questionable decision. We need independence from Huawei, not reliance on them as either a customer or network provider.  Yet the president’s decision was an inevitable result of the…

CPA Briefing Paper: Why Economic Forecasts of the Effects of Trade Action Are Consistently Wrong

Jeff Ferry, Chief Economist Steven Byers Ph.D., Senior Economist June 2019 This Briefing Paper looks at the shortcomings of economic models of trade action, their causes, and modifications to improve the accuracy of these forecasting models. Executive Summary From the adoption of NAFTA in 1994, through the Trump administration’s 2018 tariffs, economic forecasts have consistently…