U.S. Economy in Q2 2025: A Mixed Recovery Real GDP grew at an annualized rate of 3.0% between April and June, following a 0.5% decline in Q1, per the advance estimate from the Bureau of Economic Analysis ( Bureau of Economic Analysis ). Much of this rebound reflected a sharp drop in imports , while consumer spending ticked up moderately at about 1.4% , and underlying final sales to private domestic purchasers rose only 1.2% , the slowest pace since late 2022 ( Reuters ). Why It Matters for Black & Minority‑Owned Firms Tariffs & Supply‑Chain Shocks The administration’s broad tariff increases —including 25% duties on goods from Mexico and Canada and higher levies on Chinese exports—have disproportionately affected minority‑owned firms that depend on affordable imported materials ( impactinvesting. online ). Elevated import costs eat into slim margins and disrupt inventory sourcing...
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