GZERO World with Ian Bremmer

What Donald Trump's second term will mean for the US economy

6 snips
Dec 7, 2024
Oren Cass, founder and chief economist at American Compass, delves into Donald Trump's vision for a 'golden age of America.' He discusses the implications of record tariffs and mass deportations, arguing they could help American workers by tightening the labor market and raising wages. Cass counters concerns about inflation and global trade wars, insisting that strong tariffs are necessary to combat China's unfair trade practices. His insights challenge the conventional economic perspectives, offering a provocative viewpoint on an America-first economic agenda.
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INSIGHT

Trump Administration Focus

  • A Trump administration will likely prioritize tightening the labor market and confronting China.
  • These policies aim to incentivize domestic investment and boost American workers.
INSIGHT

Immigration and Labor Market

  • Deporting illegal immigrants will tighten the labor market, forcing employers to offer better wages.
  • This will incentivize investments in better processes, technology, and worker training.
ADVICE

Immigration Enforcement

  • Start by deporting those with existing deportation orders, criminal records, or on temporary statuses.
  • Prioritize enforcing laws against employers who hire illegal immigrants and mandate E-Verify.
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