Story perspectives

Trump's Immigration Policies Slash Net Immigration by 80%

2/18/2026

Summary

Story summary

A Goldman Sachs analysis finds U.S. President Donald Trump’s immigration policies caused an 80% drop in net immigration.
The report projects a decline in the monthly break-even job growth rate from 70,000 to 50,000 jobs by 2026.
The San Francisco Federal Reserve says reduced unauthorized immigration has slowed employment growth in construction and manufacturing.
Construction executives warn the policies could alienate Hispanic voters and hurt the GOP in upcoming elections.

1 of 1

Story summary

A Goldman Sachs analysis finds U.S. President Donald Trump’s immigration policies caused an 80% drop in net immigration.
The report projects a decline in the monthly break-even job growth rate from 70,000 to 50,000 jobs by 2026.
The San Francisco Federal Reserve says reduced unauthorized immigration has slowed employment growth in construction and manufacturing.
Construction executives warn the policies could alienate Hispanic voters and hurt the GOP in upcoming elections.