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Why aren't markets reacting to immigration policy the way they did to trade policy?

by David Brancaccio

One scholar says the effects of more restrictive immigration policy stand to impact the economy at least as much as tariffs.

Protests in response to increased workplace immigration raids have garnered national attention in much the same way tariffs and trade policy captured the headlines. But differing responses in financial markets raise a serious question about how we understand the long-term economic consequences of these policy decisions by the Trump administration.

More on Trump policies and the economy

What money can buy: Just who is the target market for Trump's 'gold card' visa?
The state of global shipping: One unintended result from the trade war? Shipping costs have doubled.
Changing disaster preparedness: FEMA cuts put more pressure on local disaster relief
Your wallet: Why haven't Trump's tariffs raised prices yet?

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The ONEbox is a kit that contains opioid overdose reversal drugs, personal protective equipment and training materials. This box is in ACME Feed and Seed, a popular restaurant in downtown Nashville.

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