U.S. President Donald Trump¡¯s immigration policies would likely have devastating effects on corporate America¡¯s growth and earnings, but investors haven¡¯t been perturbed yet ¡ª largely because they don¡¯t believe he¡¯ll follow through on the full extent of his plans.
It¡¯s a gamble that would be costly to lose, strategists and analysts say, with mass deportations likely upending industries as varied as service-heavy hospitality and leisure, and labor-intensive agriculture, food production, manufacturing and construction.
While the Trump administration has declared a national emergency at the southern border and started sending deportees back to Central America, it has so far held off on mass deportations and large-scale workplace raids.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.