The 47th president’s newly announced tariffs are expected to raise prices on everyday goods, disproportionately impacting low-income and marginalized communities who spend a higher share of their income on essentials. Experts warn that the increased costs and economic uncertainty could worsen inequality, strain household budgets, and potentially lead to job losses in vulnerable sectors.
Tag: Peterson Institute for International Economics
Posted inBUSINESS
Gov. Wes Moore discusses small business ownership, state of Maryland’s economy in fireside chat
Maryland Governor Wes Moore has announced plans to support small businesses and minority communities, including a strategic plan for procurement reform, a housing package, and a pledge from President Biden to cover the full costs of rebuilding the Francis Scott Key Bridge.