Tariff Incidence in the Real World: Why Consumers (Mostly) Didn’t Pay the Steel Tariffs
Summary points: The import price of steel fell in the period following the 2018 imposition of a 25% steel tariff, an indicator that steel tariffs
Worker-Centered Trade Means Reshoring U.S. Industries
In June, U.S. Trade Representative Katherine Tai gave a speech in which she outlined her vision of worker-centered trade, a popular phrase among Biden administration
An ‘Inevitable Decline’ of U.S. Manufacturing? Here’s Another Way to Stop It.
CPA member Doug Berger started Industry Reimagined 2030 this year. Here is how he imagines it. Hint: he doesn’t think the government can fully protect us, or throw money our way forever. Something else has to be done.
The Twin Secrets of Economic Growth
Long-term economic growth is the single most important objective for any nation. As growth economist and Nobel laureate Paul Romer has said: “For a nation,
U.S. June Trade Deficit Hits New Record of $75.7 Billion As Imports Surge
Goods Deficit Also Sets Monthly Record at $93.2 Billion Department of Commerce figures published this morning show that in June the U.S. reported a trade
The Negative Impact of GSP and Trade Liberalization on Developing Countries: A Review of the Economic Literature
The United States government has pursued trade liberalization for several decades. A substantial driver of this liberalization has been the assumption that more global trade
Has the U.S. Learned Anything? Cut-Price China Face Masks Driving U.S. Mask Makers Out of Business
A year ago, at the height of the pandemic, a severe shortage of vital personal protective equipment (PPE) hit America. Hospitals were asking staff to
Biden’s Buy American Ambitions Make Good Economic Sense
When President Biden laid out his vision for the U.S. economy before Congress on April 28th, he emphasized that rebuilding the U.S. economy should focus
Absolutely Fabless: Of Chips, Cash and Supply Chains
Intel announced last week it will spend $20 billion building two new fabs in Arizona to take it into the foundry business, aiming to make
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