Editor’s note: The Fed quietly admits, in this recent blog post, that tariffs are not increasing import prices. This is a big admission, which counters the assertions of Princeton economists who released a study claiming the opposite. [Matthew Higgins, Thomas Klitgaard, and Michael Nattinger | November 28, 2019 | Liberty Street Economics] Tariffs are a…
Editor’s note: More evidence that the EU is not a free trading Economic Bloc. Panel Rejects EU’s Latest Claims that it Removed Illegal Subsidies [December 2, 2019 | Office of the United States Trade Representative] Washington, DC – A World Trade Organization (WTO) compliance panel today rejected the European Union’s (EU) latest claims that it complied…
Editor’s note: Secretary Ross departs from the “we’re close to a deal” messaging of other administration officials with a more aggressive statement. Time is running out for the U.S. and China to make a trade deal before the U.S. increases tariffs on Chinese goods. [Jonathan Garber | December 2, 2019 | Fox Business] “Well, you…
Editor’s note: CPA congratulates our longtime member Bill Hickey for receiving the Steel Executive of the Year award from the Association of Steel Distributors. The Association of Steel Distributors honors Bill Hickey as its 2019 Steel Executive of the Year [Dan Davis | November 20, 2019 | The Fabricator] The official work history of William “Bill”…
Editor’s note: The WTO is indeed dying. Perhaps nothing should replace it. The US should determine and implement its trade policy through domestic laws, conditioning access to the US market upon playing by our rules. We have that power as the dumping market of first and last resort for global oversupply of goods and capital. …
Editor’s Note: Roger Simmermaker is a CPA member and author of “How Americans Can Buy American: The Power of Consumer Patriotism.” Costly new regulations could erase some of the competitive advantages U.S. producers have gained [Roger Simmermaker | November 21, 2019 | Lifezette] U.S. consumers who haven’t been buying American products and have been getting their…
By Jeff Ferry, CPA Chief Economist For the past year, tempers and words have been heating up in an international war over corporate taxation. France raised the heat in the battle last year, when it announced it would levy a tax on the corporate profits of a small number of Internet companies to a value…
Editor’s note: More tier one business press reporting on our Job Quality Index. For over 100 consecutive months, the United States government has reported that the economy has produced 50-year highs in employment and record lows in unemployment. [Jack Kelly | November 25, 2019 | Forbes] The data from the Department of Labor (DOL) suggests…
Editor’s Note: Zach Mottl is the chief alignment officer of Atlas Tool Works and a past chairman of the Technology and Manufacturing Association of Illinois and on the CPA board. Each year, the United States imports more than $2 trillion worth of goods. And whether it’s cars, flat-screen TVs, or medical devices, these products all face…
Excerpt: The tariffs matter because steel is important. It’s a key measure of a nation’s economic security. Steel is the bedrock commodity needed to build transportation, infrastructure, housing, and power distribution. Our products are used in everything from commercial construction and apartment buildings to energy infrastructure and data centers. [Barry Zekelman | November 22 2019 |…
