Trump Pushes for Strict Immigration Plan, Threatens Tariffs on Non-Compliant Countries
AInvestFriday, Aug 23, 2024 9:57 am ET
1min read

Trump has once again revealed his potential policy plans to the outside world. The former president stated that after winning the election, he would deport illegal immigrants, and if the relevant countries do not accept the repatriated illegal immigrants, he would impose tariffs on these countries.

Trump visited the U.S.-Mexico border on Thursday and conducted campaign promotion in Montezuma Pass, Arizona. Arizona is one of the key swing states in the U.S. presidential election, and Trump lost Arizona by a narrow margin of more than 10,000 votes in 2020.

This is Trump's first visit to the border since February this year. The reason for choosing this time for campaign promotion may be related to the U.S. Vice President and Democratic presidential candidate Harris. Harris officially accepted the Democratic presidential candidate nomination and delivered a speech on Thursday. Trump's schedule may be targeted, trying to divert people's attention from his competitors.

On Thursday, Trump emphasized his immigration policy, which is also the cornerstone of his re-election strategy. Trump promised that once he returns to the White House, he will deport millions of illegal immigrants.

Trump said: The countries will accept them back, and if they don't accept them back we do no trade with those countries and we charge them big tariffs.

Opinion polls show that most Americans support restricting illegal immigration.

During the tenure of the current U.S. President Biden, a large number of illegal immigrants have flooded into major U.S. cities, overwhelming social services and causing a decline in the Democratic Party's support.

The U.S. Congress previously introduced a bill on border security, but it was ultimately blocked due to opposition from Republicans. Biden publicly accused Trump of instructing Republicans to veto the bill because it was politically unfavorable to him.

Trump did not elaborate on Thursday how he would use tariff policy to force relevant countries to cooperate in receiving repatriated illegal immigrants.

Raising tariffs is an important part of Trump's economic policy. He previously threatened to impose a 10% tariff on all imported goods, including a 100% tariff on cars produced outside the United States.

Trump also said he would reduce U.S. income tax and replace it with tariffs.

Economists generally criticize Trump's tax policy philosophy. Former U.S. Treasury Secretary Summers previously stated that this would not only trigger stagflation but also cause huge damage to the U.S. and global economies.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.