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Trump Policy

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Dimon Warns 10% Credit Card Cap Could Choke Lending and Hurt Main Street
business1 month ago

Dimon Warns 10% Credit Card Cap Could Choke Lending and Hurt Main Street

At Davos, JPMorgan CEO Jamie Dimon warned that a proposed 10% cap on credit card interest could drastically shrink credit availability, potentially removing credit from up to 80% of Americans in a worst-case scenario. Trump has pushed the cap, claiming lenders would violate the law; the White House has not commented. Dimon said the impact would ripple beyond banks to restaurants, retailers, and travel companies, and he even suggested testing the policy in Vermont and Massachusetts. The issue sits amid a broader affordability push as average credit card APR rose to about 22.8% in 2023, with banks warning a cap could harm consumers and small businesses ahead of midterms.

via Axios|
#business#credit-card-interest-cap#jamie-dimon
Trump suspends green card lottery amid university shooting concerns
politics2 months ago

Trump suspends green card lottery amid university shooting concerns

President Donald Trump suspended the green card lottery program following the Brown University and MIT shootings, which involved a suspect who entered the U.S. through this lottery system. The suspect, Claudio Neves Valente, was found dead from a self-inflicted gunshot, and the move to halt the program is part of broader immigration policy changes. The diversity visa lottery, which grants up to 50,000 green cards annually, is often criticized and is likely to face legal challenges.

via PBS|
#brown-university-shooting#diversity-visa#green-card-lottery
H-1B Visa Fees and Immigration Policies Spark Family and Educational Concerns
world4 months ago

H-1B Visa Fees and Immigration Policies Spark Family and Educational Concerns

Jensen Huang, CEO of Nvidia, stated that his family couldn't have afforded the $100,000 H-1B visa fee introduced under Trump's administration, which he believes could have prevented his immigration to the US. Huang, an immigrant from Taiwan, praised the American dream and expressed hope for policy improvements, noting Nvidia's commitment to cover H-1B fees for its employees.

via Business Insider|
#h-1b-visa#immigration#jensen-huang
Trump Considers Tariff Relief Boosting U.S. Auto Stocks
business4 months ago

Trump Considers Tariff Relief Boosting U.S. Auto Stocks

U.S. President Trump is considering a plan to reduce tariffs for automakers that build or assemble most of their vehicles in the U.S., potentially benefiting companies like Ford, GM, Tesla, Toyota, and Honda, and boosting their stock prices. The plan aims to reward local production and could help offset existing tariffs, though some details remain uncertain. Investors reacted positively, with automaker stocks climbing, as the policy could improve profit margins and encourage more manufacturing in the U.S.

via TipRanks|
#auto-industry#automaker-stocks#business
Trump's Immigration Policies and Their Impact on Jobs and the Labor Market
economy7 months ago

Trump's Immigration Policies and Their Impact on Jobs and the Labor Market

Deutsche Bank and other economists warn that reduced immigration under Trump's policies could significantly slow U.S. job growth and economic expansion, as demographic challenges and an aging population require immigrant labor to sustain growth. Experts highlight that a decline in immigration could lead to weaker employment figures, lower GDP growth, and potential economic overheating, with some estimates suggesting a reduction of 0.3 to 0.4 percentage points in GDP if migration flatlines or declines.

via Politico|
#demographics#economic-growth#economy
Supreme Court's Birthright Ruling Sparks Immigration Debate
world8 months ago

Supreme Court's Birthright Ruling Sparks Immigration Debate

The U.S. Supreme Court's recent ruling on birthright citizenship has caused widespread confusion and concern among immigrants and advocates, as it leaves unresolved questions about the legality and implementation of Trump's attempt to restrict citizenship for children born in the U.S. to non-citizen parents, potentially creating a patchwork of policies across states and impacting thousands of families.

via Reuters|
#birthright-citizenship#immigration#legal-confusion
Biden shortens time for migrant legal representation, following Trump's Title 42 policy.
immigration2 years ago

Biden shortens time for migrant legal representation, following Trump's Title 42 policy.

The Biden administration has reduced the amount of time asylum seekers have to find lawyers before their first interviews with immigration officials, echoing a similar policy issued by the Trump administration in 2019. The move comes as the Title 42 policy, which allowed border agents to quickly turn back migrants during the pandemic, expired. The change could allow officers to more rapidly remove migrants who do not pass their first screening. Biden administration officials believe that deterrence, through quick deportations and a policy that limits asylum for those who cross without authorization, will allow them to manage increases in migration at the border.

via Los Angeles Times|
#asylum-seekers#biden-administration#border-crossings