🧵 1. President Biden's immigration order tightens asylum limits at U.S.-Mexico border, impacting both labor markets and supply chain bottlenecks. #politics
🧵 1. President Biden's immigration order tightens asylum limits at U.S.-Mexico border, impacting both labor markets and supply chain bottlenecks. #politics
🧵 2. The measure targets undocumented immigrants entering at the Southern border, limiting their ability to obtain asylum and enabling faster deportation.
🧵 3. When migrant encounters exceed 2,500 daily, restrictions kick in but won't affect trade/travel. Yet, it could impact U.S. labor market and trade dynamics.
🧵 4. Economists see the order as a modest change with potential effects on job growth, economic expansion, and trade relationships with Mexico.
🧵 5. Biden's executive order aims to address public frustration over immigration, with implications for businesses, labor market, and U.S. economy.
🧵 Read more at: https://www.cnbc.com/2024/06/04/biden-immigration-order-economic-impact.html