How Trump’s second term might affect the market and your finances

  Ever since Donald Trump returned to the White House in January, stock market expectations have been volatile – driven in part by a healthy dose of motivated reasoning.

  At first, markets surged on hopes of lower taxes and deregulation. But this enthusiasm soon faded as announcements about tariffs and stricter immigration policies dampened sentiment. Underscoring that point, on March 3, the Dow Jones Industrial Average fell more than 600 points after Trump said that tariffs he had been threatening for weeks would indeed be imposed on Canada and Mexico the following day.

Immigration policies don’t deter migrants from coming to the US – Title 42 and the border rules replacing it only make the process longer and more difficult

  Politicians have been saying there’s an immigration crisis at the border for decades and have been trying to fix it for nearly as long. The rules have changed many times over the years – and they are changing again since the pandemic-era set of restrictions expired on May 11.

  Before the COVID-19 pandemic, immigration into the U.S. at the border with Mexico was governed by a group of federal immigration laws and regulations, collectively known as Title 8. These laws, among other things, set the terms for the rapid deportation of people who enter the country illegally or are not eligible for asylum.