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Will Texas experience an economic downturn due to US-Mexico tariffs by the end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Economic reports or analyses from credible sources like the Federal Reserve or Texas state economic reports
Story
Trump's Deportation Plans and 100% Tariff Threat on BRIC Nations Affect Migration, Trade
Dec 2, 2024, 08:14 PM
President-elect Donald Trump has announced plans for a mass deportation policy, prompting a shift in Mexican attitudes towards migration. Mexican views on the issue are hardening as Trump's administration prepares to implement stricter border policies. This has led to an increase in smuggling fees by Mexican cartels, who are anticipating a surge in demand for their services. Additionally, Trump has threatened to impose a 100% tariff on the BRIC bloc of nations—comprising Brazil, Russia, India, and China—if they attempt to undermine the US dollar. This tariff threat has caused the dollar to climb and has raised concerns about potential disruptions to global supply chains. The tariff uncertainty has also led to a rush among importers to frontload goods from China, Mexico, and Canada, boosting trade in late 2024, although there are risks of slowed demand in 2025. Experts in Texas have warned that Trump's tariff plan for Mexico could have detrimental effects on the state's economy.
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