How Trump’s immigration policies could affect the economy in the year ahead
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 25 December 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
President-elect Donald Trump has promised mass deportations and new restrictions on immigration once in office. Today, we’ll hear how U.S. consumers and employers could lose out as a result and see which industries could stand to see gains. Plus, the New Year means a new slew of music, films, books and art lose their copyright protection and enter the pubic domain. We’ll learn more about the public domain economy.
Transcript
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| 0:00.0 | Time is running out to make a tax-deductible donation to Marketplace before the end of the year. |
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| 0:22.4 | Marketplace.org slash donate or follow that link in the show notes. |
| 0:28.4 | What is in store for the economy in 2025? |
| 0:33.6 | For a Marketplace, I'm Sabri Benashore in for David Brancaccio. |
| 0:37.2 | Merry Christmas and happy first night of Hanukkah. |
| 0:39.9 | President Elect Trump has promised to impose mass deportations and new restrictions on immigration once he is in office. |
| 0:47.7 | And there are a number of ways those policies could impact the U.S. economy next year. |
| 0:52.0 | Marketplace reporter Elizabeth Troval covers immigration for us. She caught up with my colleague, David Brancaccio. |
| 0:57.6 | Let's start by talking about who could lose out if the Trump administration gets stricter in a hurry on borders. |
| 1:07.3 | Well, U.S. consumers could lose out. You know, many economists believe heavy restrictions on immigration and mass deportations would cause more inflation. |
| 1:16.4 | Depending on which immigrants are targeted by policy changes, we could see employers have a harder time finding labor. |
| 1:22.7 | If temporary protected status goes away for hundreds of thousands of workers who get work permits |
| 1:28.1 | from that designation that could impact fields like construction, food service, and landscaping. |
| 1:34.3 | Julia Gillette with the Migration Policy Institute says we could even see U.S. born workers |
| 1:39.3 | lose jobs if there's significant limits on immigration. |
| 1:43.6 | U.S. workers and immigrant workers tend to be |
| 1:45.7 | compliments in the workplace. So if an employer can't find the immigrant workers that they need to |
| 1:50.6 | fill certain niches, they may have to contract their operations overall and lay off some of their |
| 1:55.5 | U.S.-born workers. But, Elizabeth, this is a bet by the Trump administration that there'll be |
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