American Steel Company Gives Raises, Invests Locally Thanks to Tariffs
Are steel tariffs bad for America? Nope, says the CEO of Zekelman Industries. Commerce Secretary Gina Raimondo agrees.
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Climate Change Beats China on Katherine Tai’s To-Do List
Climate change trumps China for the new USTR. We think the two are inseparable, actually.
CPA\ January Imports Highlight Need to Reshore Critical Supply Chains
WASHINGTON — The Coalition for a Prosperous America (CPA) today highlighted how the January 2021 goods and services deficit reveals a serious, ongoing vulnerability in US industrial capacity. The data shows the US trade deficit rose in January to $68.2 billion. Alarmingly, imports increased by $3.4 billion to a total of $221.1 billion for January…
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 manufacturers gained 1.73 percentage points of market share in the US market for manufactured goods. Import penetration in US manufacturing in the first quarter fell to 28.9%, its lowest level…
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 improvement to the nation’s deteriorating infrastructure. However, the analysis finds that a quarter of the spending would go on imported materials and supplies. The same infrastructure plan implemented under a…
Volvo S60 and Buick Envision Showcase Usefulness of China Tariffs
CPA Trade Counsel argues that if not for tariffs, Volvo wouldn’t be making cars in Charleston. We’d have Buick Envision-type deals of Detroit automakers making in China instead.
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 some from an unexpected quarter: Bob Swan, CEO of Intel, published an open letter urging Biden to pursue a national manufacturing strategy for the US semiconductor industry. “Rising costs and…
CPA Urges Action on Vietnam’s Deliberate Currency Manipulation
Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Washington. The Coalition for a Prosperous America (CPA) has submitted comments to the Office of the U.S. Trade Representative (USTR) in support of an investigation into Vietnam’s deliberate currency undervaluation.…
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 first time in six years. The CPA Reshoring Index shows a positive score of 59 basis points (bp) for 2019. It’s only the fourth positive figure since the data begins,…
The U.S. needs to support American-made medicines
CPA’s Take: CivicaRX CEO Martin VanTrieste explains why it is essential, and achievable to reshore pharmaceutical production to the US. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices. [Martin Vantrieste…