Trump tariffs will kill 410,000 jobs in Texas, longtime state economist warns

As President Donald Trump's trade war escalates, the Lone Star State stands to lose 410,000 jobs and $51.7 billion in annual gross product, new data from a well-known Texas economist shows. A brief released Thursday by Waco-based the Perryman Group cautions that Texas would bear more of the economic burden than any other state if the administration continues its tariffs on Mexico, Canada and China. U.S. markets have plunged recently over concerns about the economic fallout of Trump's on-again-off-again taxes on foreign trading partners.