TechNet: Tariffs on Mexico Will Hurt Texas Innovation Economy
Washington, D.C. — TechNet, the national, bipartisan network of technology CEOs and senior executives, today urged the Trump Administration to drop its plan to impose tariffs on imports from Mexico, which are slated to take effect as early as this Monday.
The following statement can be attributed to David Edmonson, TechNet’s Executive Director for Texas and the Southeast:
“Texas is by far and away America’s leading trading partner with Mexico, and the Trump Administration’s proposed tariffs would disproportionately hurt our state’s economy. If these tariffs on imports from Mexico go forward as planned, they will damage an economic engine for Texas that last year generated over $200 billion in trade, and make it harder to pass the U.S.-Mexico-Canada Agreement.
“We appreciate Governor Abbott and members of the Texas congressional delegation for weighing in with the Trump Administration against these tariffs, and encourage them to continue doing so.
“Mexico is our neighbor, our trading partner, and our ally. The Texas and Mexican economies have been linked for centuries and generated enormous economic opportunity on both sides of the border, for the benefit of both of our populations. TechNet urges the Trump Administration to abandon this plan.”
TechNet is the national, bipartisan network of technology CEOs and senior executives that promotes the growth of the innovation economy by advocating a targeted policy agenda at the federal and 50-state level. TechNet’s diverse membership includes dynamic American businesses ranging from startups to the most iconic companies on the planet and represents over three million employees and countless customers in the fields of information technology, e-commerce, the sharing and gig economies, advanced energy, cybersecurity, venture capital, and finance. TechNet has offices in Albany, Austin, Boston, Chicago, Olympia, Sacramento, San Francisco, Silicon Valley, Tallahassee, and Washington, D.C.