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[Síguenos ahora también en WhatsApp. Da clic aquí] Wall Street is skeptical of Donald Trump’s promises to deport millions of immigrants and sharply cut government spending, according to a
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Wall Street is skeptical of Donald Trump’s promises to deport millions of immigrants and sharply cut government spending, according to a CNN report published Tuesday.
In the text, author Matt Egan reports that despite his campaign’s tough rhetoric on immigration, only 6% of investors believe net immigration will turn negative under his administration, according to a Goldman Sachs poll.
Most analysts surveyed predict that even if immigration policies tighten, more people will continue to enter the United States than will be deported.
Goldman Sachs estimates that immigration could remain between 500,000 and 1 million per year, down from recent levels but still positive.
Analysts consulted by CNN attributed the restrictions on immigration measures to legal and logistical obstacles, as well as the difficulty of passing new laws in a divided Republican Congress.
On the other hand, Matt Egan’s text suggests that investors are also skeptical about the ambitious goals of Elon Musk, who was appointed by Trump to head the Department of Government Effectiveness. Musk has pledged to cut government spending by up to $2 trillion, but only 10% of investors believe those cuts will exceed $400 billion a year.
That’s because most expect modest cuts as cuts to key programs like Social Security or defense seem unlikely, according to experts like Larry Summers.
Additionally, another major concern is the higher tariffs promised by Trump in his trade agenda. In that sense, Goldman Sachs found that 60% of investors fear the tariffs could impact inflation and economic growth, although markets did not react sharply as both the S&P 500 and Nasdaq continued to post gains.
Source: Aristegui Noticias
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
