Tariffs on Mexico could deal blow to Houston economy

By June 4, 2019Uncategorized

Houston’s biggest industries may be scrambling to manage escalating costs next month if President Donald Trump follows through with his threat to place tariffs on all goods imported from Mexico, Houston’s largest trading partner.

The president on Thursday night tweeted that the U.S. will impose a 5 percent tariff on all Mexican goods on June 10, which would gradually increase until the influx of immigrants and asylum seekers at the Mexican border ceases.

If the tariffs are implemented, the impact to Houston’s economy would be profound, pushing up costs for everything from automotive parts to Mexican crude oil and food, beverages and produce.

Read the full story here.

Leave a Reply