Trump's tariff chaos has already cut into Texas business' growth, outlook, new report shows

Before President Trump sent markets into free fall when he unveiled a laundry list of new tariffs, concerns over his trade policies had already damaged sales growth and outlooks for Texas business, a new report from the Federal Reserve Bank of Dallas shows. Released Thursday, the Dallas Fed's latest analysis found that half of Lone Star State businesses worry Trump's economic policies could teeter the economy into recession. "Higher tariffs, which raise costs and damp demand, were cited by respondents," the report states.