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.
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China’s Domestic Content Rules Expands To Foment Faster Growth In Chips Sector
Domestic content rules and mandates have worked for China. Should the U.S. try to copy it, in spots, along key supply chains like new energy and semiconductors?
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.
Currency Misalignment Monitor, July 2024
The quarterly CPA Monitor tracks currency misalignment based on latest monthly exchange rates. Dollar overvaluation worsened to 16.9%, as hope of U.S. interest rate cuts
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.
CPA Supports Sen. Rick Scott’s Trio of China Stocks Legislation
The CCP’s weaponization of U.S. capital markets and American retail investors to fund its malign activities is only possible because of Wall Street firms’ fiduciary malfeasance and complicity.
CPA Chairman: Get China Out of America’s Military Supply Chain
Chinese companies supply many inputs for America’s military, putting the U.S. in a disturbingly vulnerable position. This threatens the survival of the small domestic manufacturers that play a critical role in America’s defense industrial base.
CPA Chief Economist Jeff Ferry Talks Tariffs, Taxes & The Dollar In Industry Week Webinar
CPA’s chief economist Jeff Ferry joined two other panelists Wednesday to talk trade in an hour-long webinar by Industry Week magazine titled the “2024 Manufacturing Economy First Half Checkup.”
