A North Texas small business owner and larger corporate leaders alike are cautiously optimistic after the administration announced a 30-day delay on proposed tariffs on goods from Mexico.
Texas, the No. 1 exporting state, relies heavily on trade with Mexico ($129.5 billion in exports in 2023), as well as Canada and China.
Business leaders warn that tariffs could disrupt industries from small retailers to corporate giants like GM and Lockheed Martin.
Agriculture Commissioner Sid Miller welcomed the delay, noting that Mexico’s agreement to increase border security helped avoid an immediate trade war.
Meanwhile, economists warn that if tariffs move forward, inflation could rise, passing costs onto consumers.
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