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Showing posts with the label Q2 2025 GDP

What Q2 2025 GDP Means for Black and Minority-Owned Businesses by Region and Industry

 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...