August 9, 2019      10:30 PM
HK: China Tariffs and resulting currency war could make recent legislative promises hard to keep
Hard to quantify as of yet, but agriculture, oil and gas could see sharp drops in demand
While Texas lawmakers were
off enjoying the National Conference of State Legislatures in
Nashville, national news may be providing unusual challenges in
the months to come.
A recent headline from CNBC’s news website caught my eye and brought back home how impactful the
new wave of tariffs and the Chinese retaliation could be to Texas.
Particularly since the Legislature
made a slew of expensive commitments last session based not on a predictable
revenue stream but largely on our robust rate of growth.
By Harvey Kronberg