U.S. tariff outcomes dependent on trading partner responses
In Depth: U.S. tariff policy has historically shifted among competing goals: providing revenue, protecting domestic markets and opening foreign markets to domestic producers. These goals are unlikely to be achieved simultaneously.
May 13, 2025
Texas Manufacturing Outlook Survey
Texas factory activity continued to rise in April. The production index, a key measure of state manufacturing conditions, was largely unchanged. Other measures of manufacturing activity signaled contraction, however.
April 28, 2025
Texas Manufacturing Outlook Survey
Texas factory activity rose in March after declining in February, according to business executives responding to the Texas Manufacturing Outlook Survey.
March 31, 2025
Weighing Texas economic resilience amid tariffs, workforce challenges
Ray Perryman, principal of Waco-based The Perryman Group, has been an observer of the Texas economy for more than four decades. He offers his views of what has propelled Texas since the 1980s oil bust and the state’s future prospects, and he recounts how he grew his economics firm.
March 07, 2025
Mexico, U.S. and China offer an evolving ‘triangular’ trade relationship
Enrique Dussel Peters, a professor at the Graduate School of Economics at the Universidad Nacional Autonóma de México and coordinator of the university’s Center for Chinese–Mexican Studies, discusses trade flows between the U.S., Mexico and China and their prospects.
March 03, 2025
Texas Manufacturing Outlook Survey
Texas factory activity fell in February after rising notably in January, according to business executives responding to the Texas Manufacturing Outlook Survey.
February 24, 2025
Industrial building boom is bigger in Texas, signaling growth wave
Texas is undergoing a boom in technology and energy-related construction that follows a pandemic-era warehouse and logistics building surge.
February 05, 2025
Texas Manufacturing Outlook Survey
Texas factory activity picked up notably in January, according to business executives responding to the Texas Manufacturing Outlook Survey.
January 27, 2025
Texas Manufacturing Outlook Survey
Texas factory activity increased in December, according to business executives responding to the Texas Manufacturing Outlook Survey.
December 30, 2024
Research Department Working Papers
An Anatomy of U.S. Establishments’ Trade Linkages in Global Value Chains
Global value chains (GVC) are a pervasive feature of modern production, but they are hard to measure. Using U.S. Census microdata, this paper develops novel measures of the linkages between U.S. manufacturing establishments’ imports and exports. The paper documents three new GVC patterns.
December 27, 2024