Trump’s Tariffs Could Bring Economic Pain to Black and Brown Communities

Stacy M. Brown NNPA Newswire Senior National Correspondent President Donald Trump’s sweeping tariffs on Canada, China, and Mexico—America’s largest trading partners—have already begun to rattle markets and consumers The policy, which imposes a 25 percent tax on all imports from Canada and Mexico and a 10 percent tariff on Chinese goods, is being framed as an aggressive move to curb migration, drug trafficking, and China’s role in fentanyl production However, the economic consequences are already being felt, with financial markets in turmoil and everyday Americans bracing for price hikes in critical sectors such as fuel, food, and automobiles Financial expert Allan Boomer, a seasoned Wall Street veteran with more than two decades of experience, discussed the economic fallout in an interview with the Black Press Boomer, who spent years advising institutional clients and managing multi-million-dollar investment portfolios at Goldman Sachs before founding his firm Momentum Advisors, assessed the current financial landscape “The markets are constantly moving,” Boomer said “The Dow was down a bunch earlier today, but it’s already rebounding somewhat Still, what the market is really bracing for is an all-out trade war ”Boomer pointed to the deep economic ties between the United States and its neighboring trading partners ...