South Korea’s Concerns Over Inflation Act EV Tax Credit Shows Need for Managed Trade
South Korea does not like the Inflation Reduction Act’s special treatment of North American-made EVs. What can Washington do about it?
CPA Applauds USTR for Beginning Process to Renew All Section 301 China Tariffs
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the Office of the United States Trade Representative (USTR) for formally initiating the process to continue the Section 301 China tariffs that were imposed to combat massive intellectual property theft by China that is directly harming American workers and U.S. manufacturers. As part of…
Job Quality Index Up Slightly As High & Low Quality Jobs Rise
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) edged up by 0.01% to 81.279 in July, as the addition of high-quality jobs slightly exceeded low-quality job additions. High-quality jobs increased in professional and business services and health care and social assistance. Low quality jobs increased…
CPA Applauds Major Domestic Solar Manufacturing Expansion Announcements
Urges Biden Administration to Robustly Enforce U.S. Trade Policy WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded an announcement by First Solar, the largest American solar manufacturer, that it plans to invest up to $1.2 billion in scaling production of American-made, responsibly-produced photovoltaic (PV) solar modules. As first reported by The Wall…
China’s Five-Year Plan for Biotech Making it Increasingly Attractive for Global Pharma
The China pharmaceutical industry is taking a multi-pronged approach to becoming a dominant player in Asia. Maybe even the world.
Import Dependence and Inflation – A Global Comparison
By Amanda Mayoral Summary Points Higher import dependence makes countries more vulnerable to price shocks Countries that are more import dependent often experienced higher inflation during recent supply chain shocks than less import dependent countries. Comparing countries globally, every four percentage point increase in import dependence is associated with a one percentage point increase…
CPA Applauds Provisions in Inflation Reduction Act that Boost U.S. Domestic Solar Manufacturing, Reduce Tax Benefits for Offshoring Profits and Production
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement applauding two provisions in the Inflation Reduction Act (IRA), which was signed into law by President Joe Biden today. Specifically, CPA is supportive of the provision that reduces our reliance on China by providing tax credits for the domestic solar manufacturing supply…
NEW: CPA’s Trade Model Shows Broad Tariff Increases would Create 10 Million Jobs
CPA’s Model Tariff Schedule Shows Industrial Policy can Boost U.S. Economy, Domestic Manufacturing, and Wages WASHINGTON — The Coalition for a Prosperous America (CPA) today released the results of a new economic model, the CPA Model Tariff Project, that shows substantial benefits in growth and jobs from a broad-based implementation of additional tariffs on all…
New CPA Trade Model Shows Broad Tariffs Would Create 7.5M Jobs
By Jeff Ferry and Amanda Mayoral Broad-based tariffs including tariffs on manufactured imports would boost U.S. economy by 6% and create 7.5 million jobs. Real household incomes rise by 8%. Tariffs reduce imports and stimulate domestic manufacturing output by 18%. Tariffs would generate $556 billion in new revenue, enabling cuts in income tax or…
Pro-Growth Tariffs: Estimates from CPA’s New Trade Model
By Jeff Ferry and Amanda Mayoral Can tariffs can be effective at raising domestic output and income? We introduce real-world factor supply elasticities to the standard Global Trade and Analysis Project (GTAP) and find that real GDP can grow by nearly 6% and domestic manufacturing by 18%. The increase in GDP leads to…