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
The Importance of Russian Trade and Investment Activity to the Texas Economy
Brief Published on April 27, 2022The recent invasion of Ukraine by Russia is generating questions regarding how important Russia is to the Texas economy, particularly as policies restricting trade and investment interactions are implemented or contemplated. While no area can escape the near-term disruptive effects related to the supply chain and inflation, the specific effects on business activity within the state are relatively minor. The Perryman Group recently analyzed patterns in Texas-Russia trade and investment to assess the extent of the linkages and related economic effects.
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
Brownsville State of the Port: 2022 Keynote Address
Video Delivered on April 14, 2022Dr. Perryman provides an economic forecast for the Rio Grande Valley and the Port of Brownsville's role in connecting international trade to the region at the 2022 State of the Port Address.
- Tags:
- Brownsville,
- ports,
- Rio Grande Valley,
- speech,
- trade
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
How do the Texan and Russian economies relate?
Radio Spot Broadcast via Texas State Networks on April 22, 2022Dr. Perryman explains the links between the two entities in response to Russia's war with Ukraine.
What message does the Freedom Convoy send across North America?
Radio Spot Broadcast via Texas State Networks on February 14, 2022Dr. Perryman walks through the relevance of border blockages and the impact on the integrated US, Canada, and Mexico economies.
- Tags:
- border,
- North America,
- trade
What is the status of Chinese corporation Evergrande?
Radio Spot Broadcast via Texas State Networks on September 27, 2021Dr. Perryman explains how the Chinese economy can respond if the company collapses.