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.
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.
Biden Administration’s Actions to Address Mexico Steel Surge Fall Woefully Short
Today’s announcement on actions to address Mexico steel surge shows that White House foreign policy bureaucrats that negotiated this deal care more about Mexico than about American workers.
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.
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.
American Drone Maker Tells House CCP Committee Tariffs Necessary
The CEO of American drone maker Skydio told the House Select Committee on the Chinese Communist Party in a hearing last week (June 26) that tariffs were a much-needed tool if the U.S. wants any semblance of a domestic drone industry.
CPA Calls for Immediate Ban on Imports of Russian and Iranian Origin Steel Products
CPA sent a letter to the Treasury Department on Thursday asking Secretary Janet Yellen to take immediate action to prevent Russian and Iranian steel products from entering the U.S.
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.
