Stephen Miller/Trump & Co. are actually HURTING America’s Economy by the Billions….
Donald Trump’s immigration crackdown will wipe $240bn (£180bn) off US economic growth because of lost consumer spending, economists have warned.
Lower population growth as the president presses ahead with mass deportations will knock between 0.5 and one percentage points off America’s GDP growth between mid-2025 and mid-2026, according to S&P Global Ratings.
Based on real US GDP of $23.8tn, this equates to between $119bn and $238bn in lost growth over 12 months.
Satyam Panday, the agency’s chief US economist, said: “It’s the pure population growth numbers. If you don’t have that many people renting, if you don’t have that many people to spend on groceries, that is taking off from overall GDP growth.”
Mr Trump was elected on a promise to launch the “largest deportation operation in American history” and has driven an aggressive agenda of arrests and forcible removals since he took office in January.
More than 400,000 immigrants have been deported since the start of the year and the Department of Homeland Security (DHS) said the figure would hit nearly 600,000 by the end of 2025.
As well as deporting undocumented workers, Mr Trump has also begun targeting legal routes to migration.
At the end of September, he announced the introduction of a new $100,000 fee for people coming to the US on H-1B skilled worker visas, a move that has sparked chaos in the tech sector, which relies heavily on this visa route.
Mr Panday’s calculation of lost growth was based on an expectation that net immigration will plunge from a record 2.8 million in 2024 to 400,000 or 500,000 per year, but the reality could be much lower.
Mr Panday said: “What we are seeing right now is actually close to zero, so we may be actually a little bit too positive on what we are thinking.”…
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Mr Trump’s immigration crackdown is likely to be a bigger drag on US growth than his sweeping trade tariffs, according to research consultancy Capital Economics….
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