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In reply to the discussion: The first casualties of Trump's trade wars are Texas cattle ranchers [View all]herding cats
(20,047 posts)7. Texas stands to lose the most in a trade war with Mexico.
Texas exports more to Mexico than any other state in the US.
Roughly 37.7 percent of all exports from Texas go to Mexico, the biggest percentage among all 50 states. That represents 5.8 percent of the states gross domestic product, also more than any other state.
Texas gets more imports from Mexico than any other country, roughly 33.2 percent of all of its imported goods.
A trade war wouldnt be likely to tip either country into an economic recession. The likelihood of a recession is quite slim for both countries since they have other trading agreements with other countries, and the U.S. economy is quite stable, Gonzalez said. However, a trade war with Mexico could impact U.S. agreements with other countries, as it could create global mistrust.
http://www.mysanantonio.com/business/local/article/Report-Texas-is-the-biggest-loser-in-Mexico-10915683.php
Texas gets more imports from Mexico than any other country, roughly 33.2 percent of all of its imported goods.
A trade war wouldnt be likely to tip either country into an economic recession. The likelihood of a recession is quite slim for both countries since they have other trading agreements with other countries, and the U.S. economy is quite stable, Gonzalez said. However, a trade war with Mexico could impact U.S. agreements with other countries, as it could create global mistrust.
http://www.mysanantonio.com/business/local/article/Report-Texas-is-the-biggest-loser-in-Mexico-10915683.php
The Texas economy is already pretty great, and Mexico is one of the key reasons.
Thats worth remembering when President Donald Trump threatens a trade war over a border wall, as he did last week. Economically, theres more at stake for Texas than any other state in the country.
Mexico is our most important trading partner by far. In 2015, Texas exported over $92 billion worth of goods to Mexico, which was more than it exported to the next 10 countries combined. Texas imports from Mexico were almost as high, and were twice as high as from China, next on the list.
Perhaps the most impressive number: Texas exports supported over 1 million jobs in 2015, according to government estimates.
Thats almost 50 percent more export jobs than in California. And thats more jobs than in some of Texas major employment sectors, including construction, manufacturing, financial activities and local education.
Mexico is a huge part of the Texas success story, said James Hollifield, a political science professor at Southern Methodist University. The Texas economy stands to be hit hard by Trumps policies.
http://www.dallasnews.com/business/business/2017/01/31/memo-president-trump-mexico-helps-make-texas-economy-first
Thats worth remembering when President Donald Trump threatens a trade war over a border wall, as he did last week. Economically, theres more at stake for Texas than any other state in the country.
Mexico is our most important trading partner by far. In 2015, Texas exported over $92 billion worth of goods to Mexico, which was more than it exported to the next 10 countries combined. Texas imports from Mexico were almost as high, and were twice as high as from China, next on the list.
Perhaps the most impressive number: Texas exports supported over 1 million jobs in 2015, according to government estimates.
Thats almost 50 percent more export jobs than in California. And thats more jobs than in some of Texas major employment sectors, including construction, manufacturing, financial activities and local education.
Mexico is a huge part of the Texas success story, said James Hollifield, a political science professor at Southern Methodist University. The Texas economy stands to be hit hard by Trumps policies.
http://www.dallasnews.com/business/business/2017/01/31/memo-president-trump-mexico-helps-make-texas-economy-first
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Nope, this is Trump's shit show and he has to own it and we need to make sure of that...
iluvtennis
Feb 2017
#19
This is what happens when something that sounds good in a speech to the ill-informed
VMA131Marine
Feb 2017
#5
I agree, which is why I'm not discouraged by the ones who refuse to listen.
herding cats
Feb 2017
#20
To be fair, the agriculture industry leaders are vocal that Trump's plan will break them.
herding cats
Feb 2017
#23
Mexicans already have been organizing a boycott of US goods, especially beef.
Bernardo de La Paz
Feb 2017
#11
Read somewhere else that Mexico is looking to replace corn sales from American farmers as well.
randr
Feb 2017
#17
But hey, he's going to build that wall to keep us all in. ur, I mean keep the bad hombres out.
Hekate
Feb 2017
#24
Probably a lot of them can feel Trump's ICE breathing down their necks anyway. nt
tblue37
Feb 2017
#40
The complete text of the TPP and its appendices has been online for over a year now
Recursion
Feb 2017
#57
He'll make up for it by letting them exploit public lands for pennies on the dollar.
GoCubsGo
Feb 2017
#54