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How Trump’s Economic Policies Could Impact Small Businesses, Black Firms. Anas Faiq, Audencia Business School.

Reports have raised concerns about the potential negative impact of former President Donald Trump's economic policies on small businesses, particularly those owned by Black entrepreneurs. These policies could adversely affect small enterprises in various sectors, leading to financial challenges and operational difficulties. 

Additionally, Trump's decision to freeze tens of billions of dollars in federal funding has halted projects related to clean energy and conservation, which may have further implications for small businesses involved in these industries. The imposition of 25% tariffs on steel and aluminum imports is another policy move that has significant economic implications. 

While intended to protect domestic industries, these tariffs have the potential to disrupt supply chains and increase costs for businesses that rely on these materials, including small enterprises. Investors are closely monitoring these developments, as evidenced by recent market reactions. For instance, stocks have rebounded after initial declines driven by concerns over inflation and U.S. tariff threats. Bond traders have also been unsettled by Trump's remarks questioning U.S. government debt figures, adding to the economic uncertainty. 

These combined factors contribute to a complex economic landscape, with small businesses, especially those owned by minorities, facing heightened challenges due to policy decisions and market volatility.

See: https://finance.yahoo.com/news/multiple-reports-raise-concerns-trump-233000118.html

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