What Texas stands to lose in a trade war with the EU
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 July 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
The Texas economy is among the most vulnerable in the country when it comes to the threat of escalating tariffs. While much of the focus has been on trade with Mexico due to tightly integrated supply chains, the future of European trade with Texas is also uncertain. We'll hear what's at stake. Plus, Nvidia can sell chips in China again, and, from Marketplace's "How We Survive," we'll learn what the big tax cut and spending law means for the climate crisis.
Transcript
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| 0:00.0 | Hey, if you're listening to this, I will assume you're at least interested in money, understanding the economy and finances as well. |
| 0:07.0 | And some of us now want to get the next generation interested as well. |
| 0:10.6 | So check out Million Bazillion, Marketplace's award-winning kids podcast that breaks down money to help dollars make more sense. |
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| 0:20.0 | A whole new season is out now. |
| 0:22.4 | Million Bazillion is presented in partnership with Greenlight, the debit card and money app for kids and teens. |
| 0:27.0 | Greenlight helps kids and teens learn to earn, save, spend wisely, and invest. |
| 0:31.5 | When you sign up for a Greenlight account at greenlight.com slash million. |
| 0:36.9 | The company worth $4 trillion is now worth a little more. |
| 0:42.6 | From Marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 0:45.9 | The U.S. computer chip maker NVIDIA says it is going to be able to sell to China again. |
| 0:51.7 | That's after facing export restrictions from both the Biden and Trump |
| 0:55.7 | administrations. The announcement came after NVIDIA's CEO met with President Trump. Marketplaces, |
| 1:00.8 | Nancy Marshall-Genzor has more. The Trump administration had restricted sales of NVIDIA's |
| 1:05.6 | chips to China, worried they could be used by the Chinese military to develop weapons. But in a blog post yesterday, |
| 1:12.4 | NVIDIA said it's been assured the Trump administration will issue export licenses so it can sell |
| 1:18.0 | chips to China again. Invitya had designed a special chip for China that complied with U.S. |
| 1:23.7 | export restrictions, then had to stop selling it in April after the White House |
| 1:28.3 | imposed new export limits. Now, NVIDIA says it has assurances from the U.S. government that |
| 1:33.8 | export licenses will be granted, and it hopes to start deliveries of the chip to China soon. |
| 1:40.0 | I'm Nancy Marshall Genser for Marketplace. |
| 1:43.2 | NVIDIA stock, by the way, is up 5% in pre-market trading. |
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