By Steven L. Byers, PhD and Jeff Ferry The US scored the smallest trade deficit since October 2016 as tariffs slowed the flow of imports into the country. With imports down while US consumption continues to rise, American workers grabbed a larger share of domestic demand. The US trade deficit in goods and services for…
By Jeff Ferry, CPA Chief Economist The New Year dawns on an America where many manufacturing sectors are in a state of aggressive growth. In December, America’s largest steelmaker, Nucor, announced it will add a coil paint line to its Arkansas mill. That line will have the capacity to paint 250,000 tons of steel a…
Editor’s Note: Jeff Ferry is the chief economist for CPA. Media commentators often criticize the Trump administration’s steel tariffs. [Jeff Ferry | December 31, 2019 | Tribune Democrat] But evidence from around the United States shows that the steel tariffs are working. They are delivering jobs and an economic boost to many long-forgotten towns and…
Editor’s Note: David Morse is the tax policy director for CPA and has once again made the top 100 list, coming in at #3 for Tax Writers, Bloggers & Gurus. His focus on ending the Tax code discrimination against US domestic companies continues to be a reason so many are paying attention to CPA’s Tax…
Editor’s Note: The most massive producer subsidy program in world history keeps chugging along as China drenches the production sector with another $115B in newly minted renminbi plus forced lending requirements. The country’s central bank will in effect inject $115 billion into the financial system despite signs the economy has been improving. [Carlos Tejada and…
CPA’s year in review | 2019
By David Lynn, Ph.D. President Trump is doing what no other president has ever done on trade—actually making progress as opposed to uttering empty rhetoric and finger-wagging. Trump, through the unilateral use of tariffs and their impact on the Chinese economy, has brought the CCP to the negotiating table. The Chinese are now seriously worried…
Editor’s note: Just three years ago, the conventional wisdom was that the US could do nothing about China’s behavior or its inevitable rise to become the biggest world economy. The conventional wisdom has changed for the better. US President Trump has been super proud of the accord, while Beijing’s response has been notably muted. But the trade talks…
Editors note: CPA is now quoted regularly in The Epoch Times, a newspaper founded and operated by Falun Gong Chinese dissidents. The terms of a phase-one trade deal between the United States and China would keep some tariffs at their current level and roll some back—but a coalition of more than 260 American manufacturers have…
Editor’s note: Ambassador Lighthizer is effective and nonpartisan. Just like CPA. WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer was looking forward to some holiday peace and quiet after wrapping up trade deals with the United States’ most important trading partners – China, Mexico, and Canada – last week. Andrea Shalal | December 20, 2019…