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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

comptroller seal Texas Comptroller of Public Accounts

FOR IMMEDIATE RELEASE

May 31, 2019

Texas Comptroller Glenn Hegar’s Statement on Plan to Levy Tariffs on Goods Imported from Mexico

(AUSTIN)I fully understand and support President Trump's efforts to increase security along our southern border; however, the free flow of goods between Texas and Mexico is critical to the Texas economy — an economy that has been a national leader in growth and job creation over the last decade. That tremendous economic growth is partly a result of Texas' role as the leader among all 50 states in international trade. Significant reduction in trade with Mexico undoubtedly will have a dampening effect on both the Texas and national economies.

Texas has been the nation's No. 1 exporting state by a wide margin for nearly two decades. In March, the Port of Laredo surpassed the Port of Los Angeles to become the nation's top port, with $20.09 billion in trade compared to Los Angeles' $19.66 billion. Considering that trade with Mexico represents approximately 40 percent of trade volume in Texas, the negative impacts felt by Texas could quickly ripple through the national economy, so I urge the leaders of both nations to find a swift and lasting resolution to this issue.