CPA Opinion: Revitalizing the American System
We need to protect our industrial base, invest in infrastructure, and sell more in our wealthy home market. A twenty-first-century version of the American System isn’t just desirable—it’s essential.
Currency Misalignment Effects Far Outweigh the Effect of Tariffs: Subsidizing Imports and Penalizing U.S. Exports
USD Overvaluation affecting U.S. trade with the world by $364 billion, compared to only a $30 billion effect from current tariffs. Currency misalignment also has a larger effect in more heavily tariffed countries, such as China.
Biden Administration Mexico Steel Agreement Will Have Little to No Effect on Imports from Mexico
New Biden-Mexico Steel Agreement will only affect about 16% of imports from Mexico, based on CPA’s analysis (the White House estimates it will only affect just 13% of imports).
Treasury Official Highlights Serious Problem: China Overproduces And Floods Global Markets With Products
China makes too many things. It would be great if they made it for their home market, but they do not. Instead, they massively subsidize their manufacturing companies and overproduce for the world – their main market being the United States.
China’s Auto Sector Is Moving to Mexico; 12 New Manufacturing Plants Set Up Since 2019
The United States-Mexico-Canada (USMCA) Free Trade Agreement is fast becoming a free trade agreement for the world, whereas any multinational with a presence in Mexico can set up shop and make the U.S. its number one target. China is doing that now.
Trade Deficit Rises 0.8% to $75 Billion In May; Goods Deficit Jan-May Beats Same Time Last Year at $477.15 Billion
The goods and services deficit for May rose a tad to $75 billion, up 0.8% from the previous month.
China’s Domestic Content Rules Expands To Foment Faster Growth In Chips Sector
Domestic content rules and mandates have worked for China. Should the U.S. try to copy it, in spots, along key supply chains like new energy and semiconductors?
How the ‘Experts’ Got Tariffs So Wrong—and Trump Got It Right
Trump has a new idea about the economy. The usual suspects hate it. On June 13, Trump said he’d consider a 10 percent tariff on imports and use the revenue to reduce some income taxes.
CPA’s Jeff Ferry: An Economist’s Wish List On The Trump/Biden Debate
When asked about China, both Trump and Biden should say that China’s trade surplus is an insult to the world and a huge disruptor to our economy.
CPA Supports Sen. Rick Scott’s Trio of China Stocks Legislation
The CCP’s weaponization of U.S. capital markets and American retail investors to fund its malign activities is only possible because of Wall Street firms’ fiduciary malfeasance and complicity.
