Stock markets are up and tax cuts are coming for some, but consumer spending is slowing and the full effects of tariffs have not yet hit.

The Trump administration’s curbs on immigration and ramped-up deportations will lower US economic growth by almost a full percentage point this year, according to a study from the Federal Reserve Bank of Dallas.

Data: Oxford Economics/Cato Institute/Deportation Data Project/CBO/DHS/TRAC. Chart: Axios Visuals President Trump's immigration crackdown is hitting key pockets of the economy, disrupting workplaces and communities around the country.

If Trump deports at least 10% of undocumented immigrants a year, Social Security funds are expected to be depleted six months earlier.

Ironically, he hit key points of the economic argument against mass deportation: America needs valued workers who are established in their communities ― a description of most of the people in the country illegally. Trump then surprised immigration ...

Half the public disapproves of using local police in deportation efforts, and exactly half support it.Similarly, Americans are evenly divided on whether offering money and travel assistance to undocumented immigrants who leave voluntarily is a good idea.

The president's standing with Black voters has eroded over the past three months, according to new YouGov/Economist polling.

Mr. Trump, appearing concerned about the fallout from his administration’s decision to close the Epstein investigation, went on to plead with his followers to “not waste Time and Energy” on the disgraced financier and registered sex offender he once socialized with. He described Mr. Epstein in the post as “a guy who never dies.”

The Trump administration’s immigration crackdown could subtract 0.8 percentage point from gross domestic product in 2025, a Dallas Fed analysis

A new poll from Gallup Friday shows a steep drop among Republicans wanting immigration levels into the U.S. decreased – falling from 88 percent in 2024 down to 48 percent in June. The same survey showed an uptick in Republicans who see immigration as having a positive effect on the U.S.