Why it matters: If President Trump's recently announced sky-high tariff rates remain in place, many U.S. companies will no longer be able to compete in China's market.
The big picture: Texas' exports to China were worth an estimated $26 billion in 2023, the council says in its latest report.
Most of that is from oil and gas ($12 billion), followed by basic chemicals ($2.9 billion); resins and synthetic fibers ($2.5 billion); industrial machinery ($1.6 billion); and semiconductors and components ($1.5 billion).
The state's goods and services exported to China supported 89,530 American jobs in 2022, per the council.
Catch up quick: China announced Wednesday that it would subject most U.S. goods to 84% tariffs in retaliation for Trump's 104% tariffs — which Trump promptly raised to 125%, then again to 145%.
Trump paused reciprocal tariffs for 90 days, except those against China, which he blasted for retaliating.