Investing.com - Donald Trump's team is finalizing a series of aggressive immigration executive orders due to be announced shortly after the President-elect's inauguration next week, CNN has reported.
Citing sources familiar with the matter, CNN reported that the plans include sweeps by US Immigration and Customs Enforcement in major metropolitan areas and dedicating more resources from the Pentagon to the US southern border, as well as additional restrictions on eligibility to enter the US and the roll-back of policies introduced during the Biden administration.
Trump officials will be focused, at least initially, on undocumented immigrants with criminal backgrounds who are eligible for removal in major cities, CNN reported, adding that others who are encountered over the course of the sweeps may also be taken into custody.
In a statement quoted by CNN, a spokesperson for the Trump-Vance transition team said Trump was "given a mandate by the American people to stop the invasion of illegal immigrants, secure the border, and deport dangerous criminals and terrorists that make our communities less safe", adding "he will deliver."
Uncertainty has swirled in financial markets around Trump's plans upon entering the White House for a second term, with much of the focus centering around his trade and immigration proposals. Along with deportations, Trump has threatened to slap sweeping new import tariffs on friends and foes alike.
Earlier this month, Federal Reserve officials said they would take a careful approach to further interest rate cuts due in part to a lack of clarity around the possible impact of these policy shifts on inflation. They added that the changes could extend the time it takes for price growth to cool back down to the central bank's 2% target.