Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses. Jeff McKinney. Black Enterprise Magazine.
Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses, Yet Some Opportunities May Exist.
The article presents a critical analysis of the potential impact of Donald Trump’s proposed economic policies on Black-owned businesses. While acknowledging limited opportunities, the overall assessment suggests that the negative consequences will outweigh the positives.
The analysis underscores that while some isolated opportunities may arise from Trump’s policies, the overall damage to Black businesses could surpass the setbacks experienced during his first term. The compounding effects of higher operational costs, reduced social safety nets, and macroeconomic uncertainty could stifle growth, increase business failures, and deepen racial economic disparities.
While there are narrow windows of opportunity, Trump's proposed economic policies pose a significant threat to the stability and growth of Black-owned businesses, necessitating proactive strategies for mitigation and resilience.
For more, see: Webinar - Trump's Impact on Black, Small, Minority and Women-owned Businesses. Live Dec 30, 2024 at 3:00 PM. Creative Investment Research. https://events.eventnoire.com/e/trumps-impact-on-black-small-minority-and-women-ow