The success of the washing machine tariffs shows that “tariff-jumping investment,” i.e. inducing domestic industry growth via tariffs is a viable strategy for the U.S. in industries that have suffered decline.
The December Currency Misalignment Monitor found dollar overvaluation edging up once again, to 17.4% against the basket of 33 other currencies included in our model.
Key Points The standard widely-used trade model, GTAP, has been wrong in its forecasts of every major U.S. trade agreement. CPA economists have modified the model to allow it to show more realistically the effects of trade policy on employment and the entire economy. Our modified GTAP model, GTAP-FP, finds that import restriction or policies…
Key Points The CPA Pro-Growth Model provides superior analysis of the impact of changes in trade and industrial policies and their impact on the U.S. economy. Tax credits for all U.S. manufacturing sectors would stimulate the economy, create 11.2 million new jobs, and increase real household income by 9.1%. Real GDP would grow by 6.3%.…
The November Currency Misalignment Monitor found dollar overvaluation rising further, to reach 16.8% against the basket of 33 other currencies included in our model.
What is the difference between an undergraduate international trade economics class and a graduate-level class? The difference is that in an undergraduate economics class they teach you that the ideal level of tariffs for any country is zero. Free trade rules! But in a graduate-level class, they teach you that tariffs can help a nation…
The October Currency Misalignment Monitor shows that dollar overvaluation rose yet again last month, reaching 15.8% against the basket of 33 other currencies included in our model.
Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and the rebuilding of many critical manufacturing sectors. The removal of MFN (most favored nation) status for China would increase the tariff rate on imports from China from the current Column…
Solar module imports so far this year are 179% up on last year.
A comprehensive new CPA analysis of 927 U.S. cities and towns shows that job loss in manufacturing due to China imports since 2001 has affected almost every community in the U.S., including towns and cities in all fifty states.
