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Texas Consumers Will Bear the Brunt of Trump Tariffs, Survey Says

| May 28, 2025

The Federal Reserve Bank of Dallas surveyed Texas business owners, measuring how the Trump administration’s chaotic back-and-forth tariffs — a tax on imported goods — has impacted their business. Some 60% of respondents said that tariffs have negatively impacted their business, while 55% plan on passing the cost of tariffs onto their customers.