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The President of GLenn Hammer, CEO and Texas Affairs, Trump administration praised the management of tariffs during a sweeper reset in trade relations.
When the Trump management is working with Corlal Global Trade Relations, a single star state is saddened by the things that can be a bumpy ride.
The highest exporter of the nation, Texas, is very confident in international trade, makes it very sensitive to the president Donald Trumps sweep tariffs.
According to Dallas Federal Reserve Bank of Raw and Texas trade from the cattle, Texas federal reserve bank has helped $ 850 billion in the US economy.
Trump announces an important 30% tariff against Mexico, EU, will start next month
The weekend, Trump’s application plans announced 30% tariff About import Mexico and all 27 European Union member countries. These tariffs, who entered into force on August 1, add to the list of more than 20 countries facing similar events.
Although trading deals are not completed, the analysts voice the alarms that Trump’s montage trade can be mixed with Texas.
Texas Longhorn Livestock is waiting to participate in the Wild West Show in the National Western Stock show in Denver on January 14, 2024. (Helen H. Richardson / Mediaws Group / Getty Images / Denver Post via Getty Images)
Washington-based research firm Trade Partnership World Trade Partnership, Trump’s first five months of Tariffs estimates that the tariffs can earn $ 6 billion in 6 billion dollars in Texas institutions Trade information from May.
Economic Research Company Texas predicts – One of the best copper-imported states, according to 2024 trade data, will pay about $ 693 million compared to the new 50% of copper and copper products.
The Federal Reserve Bank of Dallas estimates that higher tariffs will decrease by 1.5% of the total domestic product of the state. Fed analysts also evaluate that the decline in economic activity may result in a loss of about 100,000 jobs.
A split of trade relations of Trump’s latest tariff tariff
Meanwhile, a free trade group estimates that the non-profit propaganda group, Texas importers pay the tariffs paid by Texas in March 165% to $ 1.5 billion.
When asked about the potential impact of tariffs, Greg Abbott for Texas Gov called “a rare chance to reset the global supply chains.”
“Texas is a power of economic development and welcomes new jobs and production from global enterprises that want to expand American operations,” he said.
In terms of the air, the Houston’s Houston’s Houston port is organized in the port of Houston. (Brandon Bell / Getty Images / Getty Images)
Texas Sens. Ted Cruz and John Cornyn did not respond immediately to the interrogation for the Fox work.
The President of the Texas Affairs Association and General Director Glenn Hammer also lowered Texas tariff concern Diversified economy It is well placed to withstand the ongoing trade disputes.
Wall Street closes Trump’s Fresh Trade War Rhetoric, Investors Holding Firm
“Texas, Texas economy flushed a lot over the efforts of the Trump Management and Trump Management to make the American production capacity of the world,” Hammer Fox work.
When asked about 30% of the tariffs placed in goods from Mexico, Hammer, the United States-Mexican-Canadian agreement in the United States and the Mexican-Canada Agreement must remain non-tariffs.
On March 5, 2024, Canada reduces cattle bait in a trailer before taking to Ranchers in Texas. (Scott Olson / Getty Images / Getty Images)
“In the end, we support all our efforts to achieve a non-fare, unhindered trade connection with both trade partners – Mexico And in Canada and North America, ensure that the most competitive economic block of the North America said, “Hammer” said.
Texas will be among the hardest strokes in the Trade War, the EU Ambassador warns
“We will lead us to the opposite direction and reduce our competitiveness with the rest of the world,” he said.
According to him, small Texas enterprises do not “simply resources or supply chains”, because there are no more companies, because small Texas enterprises are likely to face problems with higher tariffs. According to the Texas Economic Development Department, more than 92% of all Texas exporters are small businesses.
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At the beginning of this year, The European Union In the United States, the Ambassador in March in March, Texas was the best trade partner for 27 countries in the meeting with Tex.
“The European Union has invested more than $ 300 billion in Texas,” the ambassador Jovita Neliupšienė said. “Because this trade and investment, 300,000 people are used only according to the EU.”
Fox News Digital’s Emma Woodhead and Caitlin McFall contributed to this report.
