Trump's Auto Tariffs Threaten Texas

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Business

Business & Economics

Texas will be among states hardest hit in trade war, EU ambassador warns

Summary

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77% Informative

President Donald Trump announced he would impose a 25% tariff on all imported automobiles and parts this week .

The EU Ambassador to the U.S. Jovita Neliupšien said the EU invested in Texas more than $300 billion in trade in goods and services.

Texas Gov. Greg Abbott and senators John Cornyn or Ted Cruz did not respond to questions about how Texans could be among Americans most harmed by tariffs.

Car buyers in states like Michigan , California and Texas will be the most financially harmed by tariffs that will begin to be enforced April 3 .

Trump has also threatened to impose more "reciprocal tariffs" April 2 in response to nations that have reacted to his tariffs with their own taxes.

Leaders in the EU have said they will wait to see what Trump 's next steps are.

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formal

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English

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