Jeff Ferry, CPA Chief Economist, is featured in this Bloomberg article, Seven Fixes for American Capitalism in which he defends tariffs as pro-growth and pro-jobs. Excerpt: Tariff Truthers If there’s one thing most economists around the world today can agree on, it’s that tariffs are bad. Protect one domestic industry with an import tax, and you hurt a…
Erroneous 2018 Predictions Repeated By Steven Byers, CPA Senior Economist Nearly a year after predicting 470,000 jobs would be lost due to President Trump’s tariffs on imported steel and aluminum, Trade Partnership Worldwide has published an updated study titled “Estimated Impacts of Tariffs on the US Economy and Workers.” The new report examines potential future impacts from different tariff scenarios. The previous…
Editors note: this letter to the editor is a good rebuttal to a wrongheaded anti tariff piece by the Wall Street Journal editorial board. The Trump administration’s policies are also benefiting the broader manufacturing sector. Your editorial “Steel Tariff Profiteers” (Feb. 4) ignores the facts of the global steel-overcapacity crisis and the long-term damage imports have…
Editors note: They told us tariffs on solar panel imports would kill the US solar market and cost jobs. They were wrong. SunPower’s New Oregon Facility Now Producing Performance Series Solar Panels, Solidifying Commitment to American Manufacturing The 19-Percent Efficient Commercial Solar Panel with Proven Shingled Cell Design Delivers Superior Power, Reliability, Value and Savings Compared…
Tariffs are working, boosting job growth Washington. One year after the Trump administration first imposed tariffs on a host of subsidized imports from China, the Coalition for a Prosperous America (CPA) reports that the tariffs have been extremely successful. The United States added 261,000 manufacturing jobs in 2018, and CPA members are experiencing increased sales. Dan DiMicco, chairman…
Editor’s note: US consumers are paying for China’s ability to engage in military aggression against us. “Last month, Chinese Rear Adm. Lou Yuan told an audience in Shenzhen that sinking a pair of U.S. aircraft carriers would settle issues of sovereignty in the South China Sea. What the United States fears the most is taking casualties,” he said,…
Editors note: excellent. WASHINGTON (Reuters) – President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. [Jeff Mason, Steve Holland | February 7, 2019 | Reuters ] U.S. President Donald Trump and China’s…
By Jeff Ferry CPA Chief Economist Trade data for November 2018 published Wednesday by the Department of Commerce indicates that the Trump Administration’s tariffs may finally be improving our balance of trade. The November goods and services deficit came in at $49.3 billion, 11.5 percent better than October’s figure of $55.7 billion. Equally significant, the…
Editor’s note. Germany is for free trade so long as it is a massive net exporter. It’s new National Industrial Strategy is more “Germany First” than Trump’s MAGA. [Ruth Bender | Feb. 5,2019 | WSJ] The policy would allow the country to take stakes in strategically significant businesses to protect them from foreign takeovers. It also…
“Many of our members have been directly impacted by China’s ongoing economic aggression…. “Many of our members have been directly impacted by China’s ongoing economic aggression. In tonight’s State of the Union, we were gratified to hear President Trump reaffirm his commitment to confronting predatory trade. We look forward to working with his administration on…
