The Economic Cost of Proposed 5% Tariffs on Imports from Mexico
Report Published on June 03, 2019President Trump has stated that he will impose a 5% tariff on all goods from Mexico on June 10 if Mexico does not take action to slow the volume of immigrants at the US border. The Perryman Group, an economic analysis firm based in Texas, analyzed the economic implications of such a tariff and found that it would likely cost hundreds of thousands of US jobs if enacted and maintained.
The Economic Cost of the US‑Mexico Border Slowdown
Report Published on May 03, 2019The current slowdown at the US-Mexico border is causing substantial economic harms. Trade volume has grown substantially, more than doubling over the past 20 years and up 55% between 2010 and 2018. During 2018, total trade volume between the United States and Mexico exceeded $611.5 billion, with $265.0 billion in US exports to Mexico and $346.5 billion in imports from Mexico. In fact, recent data for January and February of 2019 reveals that, for the first time, Mexico is the top US trading partner.
- Tags:
- border,
- Mexico,
- trade,
- United States
The Potential Economic Benefits for Texas of a Free Trade Agreement between the United States and the European Union
Report Published on February 16, 2013Import and export activity is an essential aspect of optimizing economic performance. By allowing each nation to focus resources on those goods and services where it has a competitive advantage and import other products, foreign trade helps improve business conditions and quality of life around the globe.
- Tags:
- EU,
- Euro,
- Europe,
- European Union,
- free trade,
- trade,
- trade agreement,
- trade deal
US‑Mexico‑Canada Agreement a Major Win for the Economy
Brief Published on January 30, 2020President Trump has signed the US-Mexico-Canada Agreement (USMCA) into law, replacing the 25-year old North American Free Trade Agreement. A strong trade agreement with Mexico and Canada is clearly a "win" for the US economy. Mexico has also passed the USMCA, and the ratification process is currently underway in Canada.
- Tags:
- trade,
- trade agreement,
- trade deal,
- USMCA
Successful Trade Negotiations Between United States and European Union Could Yield Substantial Economic Benefits for the State of Texas
Press Release Released on August 07, 2018President Trump's recent announcement that the United States and the European Union (EU) would begin trade negotiations and work toward reducing constraints that could yield short-term success and help set the stage for other progress in the near future. EU members are major US trading partners, and, not only would a strong trade deal with zero tariffs have the potential to further enhance economies on both sides of the Atlantic, but also provide substantial benefits for the state of Texas.
- Tags:
- EU,
- trade,
- trade deal
Why is Hong Kong so crucial to China?
Radio Spot Broadcast via Texas State Networks on July 15, 2020The relationship between China and Hong Kong is sometimes rocky. Dr. Perryman describes why a strong relationship between the two is important economically.
How important is the new trade agreement in North America?
Radio Spot Broadcast via Texas State Networks on July 02, 2020The United States, Mexico, and Canada have settled on a replacement for NAFTA. Dr. Perryman describes the benefits of the agreement.
How could the latest trade deal impact the global economy?
Radio Spot Broadcast via Texas State Networks on December 13, 2019Dr. Perryman examines the latest developments on the trade front, and is troubled with one aspect he sees coming out of a particular deal.
Why does Texas benefit from a US‑Mexico‑Canada trade deal?
Radio Spot Broadcast via Texas State Networks on December 11, 2019Almost a year after the three countries signed the new US-Mexico-Canada trade deal, there's an agreement to make it the new NAFTA. Dr. Perryman says a big winner is Texas.
- Tags:
- Canada,
- Mexico,
- Texas,
- trade deal,
- US