Tariff-driven uncertainty is forcing Texas manufacturers to reduce capital spending and delay long-term projects, according to a Federal Reserve Bank of Dallas survey released Monday.
More than 40% of firms surveyed said tariffs had increased uncertainty concerning their business decisions and outlook.
The state’s unemployment rate checked in at a record low of 3.5% in May, but manufacturing employment fell 0.7 percent. Overall, the sector has added about 4,000 jobs statewide this year.
Read the full story, "Tariff uncertainty casts doubt over Texas manufacturers' capital spending plans," at dallasnews.com.