Trump's tariff crisis will hit beyond pocketbooks
By F. Willis Johnson / The Fulcrum
In the spring of 2025, as American families struggle with unprecedented consumer costs, we find ourselves at a point of “moral reckoning.”
The latest data from the Yale Budget Lab reveals that tariff policies have driven consumer prices up by 2.9 percent in the short term. In comparison, the Penn Wharton Budget Model projects a staggering 6 percent reduction in long-term GDP and a 5 percent decline in wages. But these numbers, stark as they are, tell only part of the story.
The actual narrative is one of moral choice and democratic values. Eddie Glaude describes this way in his book “Democracy in Black”: Our economic policies must be viewed through the lens of ethical significance; not just market efficiency. When we examine the tariff regime’s impact on American communities, we see economic data points and a fundamental challenge to our democratic principles of equity and justice.
Far too often, the burden of such policies falls disproportionately on those who are least able to bear it. Black Enterprise reports that Black-owned businesses face a dual challenge: economic survival and preserving their role as community anchors.
https://www.heraldnet.com/opinion/comment-trumps-tariff-crisis-will-hit-beyond-pocketbooks/
= new reply since forum marked as read
