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The Texas Tribune
The Texas Tribune
National
Story by Sofia Sorochinskaia

Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024

X Texas Donald Trump Tony Payan Roger Williams Ron Nirenberg Mexico Recession Rice University Baker Institute for Public Policy The Texas Tribune
A parklet with diners outside of City Tavern along Elm Street in downtown Dallas near the Santander Tower, on Nov. 07, 2023. Texas metros have a glut of vacant offices space driven by the rise of remote work, overbuilding and other factors during the pandemic. One option companies are doing to combat the changes, is to convert office space into residential housing.
The Trade Partnership Worldwide estimates that tariffs could cost Texas businesses $47 billion and cut the state’s gross domestic product growth by 1.5 percentage points. (Credit: Ben Torres for The Texas Tribune)

Texas local businesses reported slower revenue growth since late last year, sparking uncertainty over President Donald Trump’s policies on tariffs and concerns of a possible recession, according to a report released by the Federal Reserve Bank of Dallas on Thursday.

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