How Trump’s tariff was exposed to the state of Lun Star

Since the Trump administration is working on Corral Global Trade Livings, Lone Star State wanders what can be a rugged journey.

Texas, the best source in the country, depends greatly on international trade, which makes it very vulnerable to the president Donald Trump Comprehensive definitions.

From livestock to cotton to raw cotton, Texas Trade contributed $ 850 billion in the US economy in 2024, according to the Federal Reserve in Dallas.

Trump announces a 30 % large tariff against Mexico, the European Union to start next month

During the weekend, Trump announced plans to impose a 30 % tariff On imports From Mexico All 27 member states of the European Union. These definitions are scheduled to enter into force on August 1, adding to an increasing list of more than 20 countries that already face similar measures.

Although the commercial deals are not completed, analysts show warning devices that Trump’s trade war can mess with Texas.

The Washington Research Company’s partnership around the world is estimated that the definitions announced during the first five months of Trump alone may cost Texas companies $ 6 billion, based on Trade data During May.

Economic Research Company also Texas expects One of the best states that import copper-approximately $ 693 million is to impose a 50 % new tariff on copper and copper products, according to 2024 trade data.

The Federal Reserve in Dallas estimates that the high definitions will reduce the state’s GDP by 1.5 %. Analysts also estimate that low economic activity may lead to the loss of about 100,000 jobs.

The collapse of commercial links to the last tariff goals from Trump

Meanwhile, farmers for free trade, a group of non -profit advocacy, estimated that the customs tariff paid by Texas importers in March increased by 165 % to $ 1.5 billion compared to March 2024.

When asked about the potential impact of the definitions, a spokesman for the state of Texas Jorge Abbott described it as a “rare opportunity to reset global supply chains.”

“Texas is an economic development force, and we welcome new functions and manufacturing from international companies that look forward to expanding US operations,” Andres Mahris said in a statement to Fox.

Texas Senchor Ted Cruz and John Corn did not immediately respond to Fox Business request for comment.

Glin Hamer, President and CEO of the Texas Association of Business, reduced the concerns of the tariff, saying that Texas is Various economy In a good position to withstand continuous commercial conflicts.

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“Texas is very ascending around the place where the Texas economy is going and the Trump administration’s efforts to make America the world of manufacturing in the world,” Hamer told Fox Business:

When asked about the 30 % definitions placed on the goods from Mexico, Hummer said that all goods and services compatible with the United States and Enda agreement should remain free of customs tariffs.

“We support all the efforts made to achieve a commercial relationship free from customs tariffs and free from the barrier with both our commercial partners- Mexico And Canada – and to ensure that North America can be the most competitive economic bloc in the world, as Texas was its focus, “adding that Mexico City and Ottawa are the top Texas trading partners.

Texas will be among the most difficult success in the trade war, warns the European Union ambassador

“We do not want to see efforts that will take us in the opposite direction and reduce our ability to compete with China and the rest of the world,” he added.

He said that the small companies in Texas are likely to face challenges from the higher definitions because they “simply do not have resources or supply chains to set quickly” like large companies. According to the Texas Economic Development Office, more than 92 % of all Texas exporters are small companies.

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Earlier this year, European Union The US ambassador said in an interview with Fox Business that Texas is also the 27 -year -old trade partner.

“The European Union in Texas has invested more than 300 billion dollars,” said Ambassador Jovita Nilubchin.

Emma Woodhid of Fox News Digitter and Citelin are guaranteed to this report.