Houston will be in recession by summer because of tariffs, falling crude oil prices, UH economist forecasts

Here’s how China’s tariffs could impact the Texas economy

While there is hope Texas can reap reshoring benefits, economists are worried about consumer confidence.

Chevron CEO Mike Wirth: No signs that we're in or close to a recession at this point

Chevron CEO Mike Wirth joins 'Squawk Box' to discuss state of the oil market, latest oil price trends, President Trump's tariff policies, impact of policy uncertainty, global oil demand, engagement with the Trump administration, oil production outlook, The Chevron Championship, and more.

Houston will be in recession by summer because of tariffs, falling crude oil prices, UH economist forecasts

University of Houston Energy Fellow Ed Hirs says the combined effect of President Donald Trump’s tariffs on imported crude oil and falling crude oil prices globally are balancing out for now. But, Hirs adds, investment is already grinding to a halt and companies are planning for layoffs in the near future.

Houston Faces Pressure from Trade Uncertainty

Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating a complex economic landscape shaped by new tariffs and declining crude oil prices. President Donald Trump’s recent imposition of a 10% tariff on crude oil imports from Canada and Mexico has introduced fresh challenges for the region’s refineries and broader economy.​ Ed Hirs, an energy fellow at the University of Houston, highlighted the immediate effect…