The higher taxes on imports will shrink Texas businesses’ profits and raise costs for consumers, business owners say.
trade in Texas
Posted in
Economy
Cruz says a trade war would cost jobs, spur prices and be terrible for Texas
The Texas senator also highlights a potential “upside,” saying the Trump tariffs could entice other countries to negotiate lower trade barriers.
Posted in
Economy
Trump tariffs set to hit Texas’ biggest trading partners beginning next week
The president said Mexico and Canada have failed to curb the flow of drugs into the U.S. after giving the countries 30 days to do so before enacting the tariffs.
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Economy
Trump orders tariffs on Mexico and Canada — Texas’ biggest trading partners
The tariffs, which also target China, are scheduled to go into effect Tuesday. They prompted immediate efforts to retaliate.
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Politics
Donald Trump’s tariffs on Mexico could devastate border region, Texas economists warn
The president-elect said he intends to levy a 25% tariff on goods imported from Mexico and Canada until drugs and undocumented migrants stop crossing the border.
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Economy
Texas troopers renew inspections of commercial vehicles at Brownsville border bridge, triggering long delays
Truckers have reported waiting up to 24 hours to cross the border because of the inspections. Gov. Greg Abbott ordered similar inspections last year to stop smuggling, but troopers found no contraband after checking more than 4,000 vehicles.
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Economy
Key Texas industries could face bottlenecks over railroad labor dispute
If railroad companies and workers can’t resolve their dispute by Thursday night, the country could see its first railroad strike in 30 years.
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Economy
Texas border officials worry that Greg Abbott’s order to increase vehicle inspections will hurt local economies
The governor is pushing for more border security measures, some of which he acknowledges will slow traffic across the Texas-Mexico border.
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Texas 2020 Elections
“The farmers are sticking with Trump”: President touts new trade deal during Austin speech
The president also exuded confidence that Texas will remain in Republican hands in 2020, despite some political watchers suggesting it’s more purple than it has been in years.
Posted in
Economy
U.S. House passes replacement for North American Free Trade Agreement
Many Texas lawmakers on both sides of the aisle have urged the agreement’s passage, due to the state’s reliance on cross-border commerce with Mexico.