Donald Trumpʼs return to power brings fresh focus on trade and immigration policies that could shake-up Americas economy. His short-term thinking approach – which often puts quick-wins over long-range planning – might create new issues for the Republican partyʼs different groups
The trade plan looks simple but its really complex: theres talk of putting 10-20% tax on all imports (and a bigger 60% hit for Chinese goods). Economic experts say this could cost each US family about $1‚500-2‚000 per year; its gonna hit low-income people the hardest
The dollars value is tied to these ideas in a weird way. When countries like China face high tariffs they might lower their currency value to stay competitive: this makes the dollar stronger which isnt what Trump wants. The Federal Reserve might need to step in – creating a whole new set of problems
- GEO Group and CoreCivic stocks are up
- They run private detention centers
- Half their money comes from ICE contracts
- They use high-tech tracking systems
The immigration crackdown could mess with the job market big-time. About 8M non-documented workers (mostly in building jobs service work and factories) might face deportation. One company recently got in trouble for paying detained people $1/day for work – when local min wage was $16/hr
The Geo Group was built for this unique moment in our history and the opportunities that it will bring
Economists think removing millions of workers could create a supply-shock that would push prices up everywhere. Some say it might help US workers get better pay but others think its gonna hurt the economy more than help it