How Trump’s immigration crackdown could backfire
3 weeks, 1 day ago

How Trump’s immigration crackdown could backfire

CNN  

Washington CNN — The Trump administration is cracking down on immigration — legal and otherwise — setting the stage for potential labor shortages, weaker economic growth and higher inflation. “The reality is that we depend on immigrant labor in this country and Trump’s policies could have enormous consequences for many industries,” Jorge Loweree, managing director of programs at the American Immigration Council, told CNN. A report from the right-leaning Cato Institute released last month argued that today’s high level of immigration gives Trump “more room to implement restrictions” as it tries to “appease his nativist base and the nationalist political class by cutting legal immigration.” “I expect we’ll see further restrictions by the summer,” said David Bier, director of immigration studies at the Cato Institute. “We’re also now spending hours going into detention just trying to interview folks to understand what is going on because we’re not getting any information or cooperation from the administration, and that cuts into the time that we could be working on a complicated brief.” The economic impact of Trump’s crackdown There were 47.8 million immigrants in the United States in 2023, with a total of $1.7 trillion in spending power and who paid about $652 billion in taxes, according the American Immigration Council. The Allianz Trade forecast estimates that Trump’s crackdown on illegal and legal immigration could drag down GDP to an annualized growth rate of below 2% by 2026.

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