A new survey from the Federal Reserve Bank of Dallas reveals that concerns about tariffs on major U.S. trading partners, particularly Mexico, are overshadowing otherwise positive expectations for Texas manufacturers in 2025. Despite increasing factory activity across the state, plant owners express worry about the impact of President-elect Donald Trump's promised tariffs.
Concerns about tariffs on major U.S. trading partners are dampening Texas manufacturers’ expectations for 2025, according to a new survey from the Federal Reserve Bank of Dallas. The December survey found plant owners fretting over President-elect Donald Trump’s promised tariffs despite otherwise generally positive outlooks for the new year — and amid increasing factory activity across the state. “Tariffs are a concern,” one respondent said.
Multiple industries could be hit by changes to immigration policy. A professional association told the Fed that large-scale deportations “could severely impact the agriculture, construction, hospitality and food manufacturing industries.” RELATED: Trump ‘border czar’ Tom Homan plans to carry out mass deportations.
Tariffs Trade Texas Manufacturing Economy
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