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The recently proposed 30% tariffs on the European Union, set to take effect August 1, could significantly impact the U.S.–EU trade relationship.
Our President & CEO Erin McKelvey and incoming Board Chairman Michelle Schulz shared their insights on East Texas’ KLTV 7 about what’s at stake.
“By region, Europe contributed the most new investment into the United States: almost $100 billion in 2024. That’s 64% of all new investment, above Asia and the Pacific, which many people assume are our most important trading partners.”
“Manufacturing is the largest for most new investment. You have not only goods, but also services and foreign direct investment in the United States. The EU is an important trading partner for Texas as well, with a significant focus on energy.”
Watch the full interview for more insights:
Find the full interview on KLTV Your East Texas News Leader here: Texas trade experts speak on impacts of President Trump’s EU tariff plans
