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Axios Re:Cap

Closing The Border

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 4 April 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

Dan examines the ramifications if President Trump were to close the U.S./ Mexico border with Axios Executive Editor Mike Allen. In the "Final Two", investors bet big against Lyft and nobody takes blame for the latest Facebook data spill.

Transcript

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0:00.0

Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:09.9

Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Danper Mac. On today's show, investors bet big against Lyft and why no one will take responsibility for Facebook's latest user data spill.

0:22.0

But first, closing the border. So last Friday, President Trump tweeted a threat to close the

0:27.5

U.S.-Mexico border, or at least large sections of it, if Mexico, quote, doesn't immediately

0:33.0

stop all illegal immigration coming into the U.S., end quote. So a few things to know.

0:38.9

First, a total border shutdown would do much more than just closed ports of entry to asylum

0:43.7

seekers and arguably cause undocumented immigrants to take more dangerous routes through

0:48.2

unsecured border areas.

0:49.8

It also would theoretically stop all trade between the two countries, which currently amounts

0:55.1

to around one billion of goods per day. Trump told reporters earlier this week that immigration

1:00.5

is a much more important issue to him than trade, but his own top economic advisor, Larry

1:05.9

Cudlow, also said in a different venue that he was working on some ways to protect certain

1:10.7

trucking

1:11.1

routes. So let's call that mixed messages at best, which has got to terrify people like American

1:16.2

farmers who already got hit very hard in the past year by the China trade disputes. Plus,

1:21.4

there are thousands and thousands of Mexican and American citizens in border areas who

1:26.6

cross it each day for work, not to mention

1:29.3

all the tourists. In short, this would create a massive disruption for both countries, which

1:34.1

perhaps is why the border remains open today, six days after the Trump tweet that threatened to close

1:39.2

it, quote, next week. So the question now is if this is just the president blowing off steam

1:43.9

via Twitter,

1:44.6

which has become commonplace, or if it could actually become very consequential policy,

...

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