How much would Trump's plans for deportations, tariffs, and the Fed damage the US economy?
How much would Trump's plans for deportations, tariffs, and the Fed damage the US economy?
To me, it seems obvious that Trump’s plans for deportations, tariffs, and controlling the Fed would likely damage the US economy significantly by disrupting labor markets, increasing consumer prices through tariffs, creating trade tensions affecting exports and imports negatively, causing market volatility due to undermined confidence in Federal Reserve independence, and introducing inflation risks associated with poorly timed monetary interventions.
The construction and food industries would grind to a hault without migrant labor
Should we really be propping up wealthy business owners by letting them create a underclass of desperate workers that can be deported at any moment?
Just because Trump is against something doesn’t mean it’s wrong. Broken clock and all.
Deportations aren’t the answer as much as actually prosecuting the “employers”, but having our economy dependent on unauthorized workers is not good at all.
Here’s my input. I’m an international buyer. We pay the tariff. It gets passed onto the consumer. For China he has to slap another 25-50% on to get the cost to be comparable to US made. If you want to source in the US, you need plants with trained workers and capacity. That doesn’t happen overnight. So for all the products bought made in China, it’s going to get really ugly. Inflation is everywhere, and it’s worse many other places.