The Trump Effect In Two Stories: Immigrant Population Down, Stock Market Up


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Every so often we see an article in the establishment media that attributes some phenomenon or another to President Trump, like “storms clobber Texas, Trump at fault.” Most are dishonest attempts to stymie the MAGA agenda, so here are two where the “Trump effect” is positive and real.

According to new data from the (mostly) nonpartisan Pew Research Center, the foreign-born population in the United States shrunk this year for the first time since the 1960s.

After rapidly growing for more than 50 years, our friends at the Center Square report the number of immigrants living in the U.S. reached a record high of 53.3 million in January 2025. The following months showed a decline of nearly 1.5 million, a likely mark of President Donald Trump’s second-term immigration policies.



The new Pew study shows that more people are leaving the U.S. than are entering it, the first time this has happened in more than half a century.

The analysis also found that the number of noncitizens in the U.S. illegally reached a record high of 14 million in 2023, a trend which Trump routinely drew on while campaigning against the Democrats.

A nationwide crackdown on immigration has been a central part of Trump’s second-term policy agenda. He has signed 181 executive orders relating to immigration since returning to the White House in January. The administration has implemented its immigration policies through mass deportations of noncitizens, encouraging self-deportations, heightened security at the U.S.’s southwestern border and by toughening up student visa requirements.

These policies were reflected in Pew’s data, which found that the percent of the U.S. population made up of immigrants shrunk to 15.4% in June from 15.8% in January.

Immigrants, both lawful and unlawful, make up a sizable portion of the U.S. workforce. Pew’s report shows that the U.S. lost more than 750,000 workers since January with the percent of immigrants in the workforce declining from 20% to 19% in six months.

That decline is good news for America’s native-born workers as it will fuel an increase in wages as competition from low wage immigrants, both legal and illegal will decline.

The second article, also from the Center Square, reported the Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.

Both the broadly diversified S&P 500 and the tech-heavy Nasdaq have recorded more than 15 record highs in 2025.



President Donald Trump has been pressuring Federal Reserve Chairman Jerome Powell to lower rates for months, and observers have taken recent remarks by Powell to mean the central bank is looking at reducing interest rates at its September meeting, which the Fed would typically do to encourage economic growth – which the White House has accused Powell of failing to do sooner to damage Trump politically.

Lower interest rates encourage more spending and more borrowing, which can boost corporate profits and investor confidence, often supporting stock market growth.

Taken together these two articles paint a picture of the Trump economy and Trump policies achieving exactly what Trump promised during the campaign, to the benefit of workers and investors.

 
  • Donald Trump
  • illegal immigration
  • illegal immigrant self-deportation
  • stock market
  • US economy
  • Pew Research Center
  • establishment media
  • foreign born population
  • non-citizen population
  • Trump immigration policies
  • Student Visas
  • US workforce
  • US wages
  • Dow Jones
  • Federal Reserve Chairman Jerome Powell
  • interest rates

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