• As Donald Trump begins his second term, he has announced a series of aggressive economic policies, including a potential universal 20% tariff on imports and a crackdown on immigration. These tariffs aim to protect domestic industries but could lead to increased consumer prices and inflation, as companies may struggle to shift production back to the U.S. The implications for sectors reliant on imports, such as retail and manufacturing, could be significant, as higher costs may be passed on to consumers, impacting overall demand and economic growth.

• Trump's immigration policies, which may include mass deportations, could exacerbate labor shortages in key industries like agriculture and construction, where undocumented workers play a crucial role. This could lead to increased wages as companies compete for a shrinking labor pool, potentially triggering a wage-price spiral. The combination of tariffs and immigration restrictions could create a challenging environment for businesses, particularly those dependent on a diverse workforce and global supply chains.