How Budget Deficits Grow Due to Trade Deficits
Excessive imports siphon demand for goods and services away from American producers and drive the government to run a budget deficit to cover that gap.
CPA Welcomes Biden Administration Decision to Deny Vietnam “Market Economy” Status
In January, CPA called on the Biden administration to reject misguided calls to revoke the non-market economy status of the Socialist Republic of Vietnam — a nation where the economy remains highly controlled by the government.
Job Quality Index and Manufacturing Employment Increase Slightly, but July Job Report Shows a Darkening Employment Landscape
the U.S. Private Sector Job Quality Index (JQI) was 82.99, up by +0.41% from the preceding month. Despite this slight increase in the JQI, the overall July 2024 Jobs Report from the government’s Bureau of Labor Statistics showed weak job growth.
Buttigieg is the Latest Top Biden Official to Advocate for China Tariffs
Transportation Secretary Pete Buttigieg has joined a chorus of Biden administration officials who all agree tariffs are needed to counter China’s mercantilism and export strategy.
CPA Supports Brown, Cassidy, Ossoff, Scott Bill to Prohibit Chinese Companies from Receiving IRA Tax Credits
The bipartisan legislation would prevent any company with ties to a Foreign Entity of Concern from receiving the 45X Advanced Manufacturing Tax Credit.
China EV Battery Maker Gotion Faces Challenges by Chairman of House Select Committee on the CCP
If Rep. John Moolenaar (R-MI-2), the newly minted Chairman of the House Select Committee on the CCP, gets his wish, there won’t be any Chinese EV battery investments in the U.S.
Domestic Market Share Index Rises in Q1 2024, Fueled by a Reduced Manufacturing Trade Deficit
The CPA Domestic Market Share Index (DMSI) rose slightly in the first quarter of 2024 as domestic manufacturing output edged up and the manufacturing trade deficit contracted slightly.
PVC Pipe Import Surge Threatening Domestic Industry and Essential Infrastructure
PVC pipe is critical for U.S. infrastructure, especially as electrical conduit in energy, data centers, and other high-tech sectors. U.S. PVC pipe imports are surging with 2024 import levels over twice as high as 2023 levels.
Senator Sherrod Brown Wants To Make It Nearly Impossible To Drive a Chinese Car
Should Sen. Sherrod Brown (D-OH) get his way, no Chinese EV can be driven within 25 miles of a Defense Department property, which likely means military housing, war colleges, and of course military bases.
CPA Economic Model Shows 10% Universal Tariff Would Raise Incomes, Pay for Large Tax Cuts for Lower and Middle Class
New economic analysis showing that a global 10% tariff on all U.S. imports would generate U.S. economic growth, increase real wages, increase employment, and raise additional revenue to lower taxes for lower- and middle-class Americans.
