Marketplace Morning Report What Texas stands to lose in a trade war with the EU
Jul 15, 2025
Texas faces significant risks in a potential trade war with the EU, with $100 billion in exports at stake, especially in energy and aerospace. The impact of tariffs could reshape vital supply chains. Meanwhile, Nvidia's chip sales to China resume, raising national security concerns. Legislative changes threaten the U.S. clean energy shift by reducing tax credits for renewables and favoring fossil fuels. Finally, with looming deadlines, there's urgency for rebates on electric vehicles and solar installations.
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Texas-EU Trade Vulnerability
- Texas leads U.S. exports to Europe, especially in energy like oil, gas, and LNG.
- European tariffs would hurt Texas by risking economic and energy export relationships.
Climate Impact of Tax Law Cuts
- The new U.S. tax and spending law drastically cuts support for clean energy incentives.
- This change slows the transition to clean energy and harms U.S. global climate and economic leadership.
China Surges in Clean Energy Race
- China's massive clean energy investment is positioning it as a global leader while the U.S. falls behind.
- The U.S. risks becoming outdated with legacy fossil fuel tech while others advance.