A new Federal Reserve study shows Trump's immigration policies could slash US economic growth by nearly a full percentage point in 2025.
That's a huge hit when economists already expect growth to cool to just 1.5% this year, down from close to 3% the past two years.
The surprising finding: reduced border crossings are driving 93% of the economic impact, not deportations.
Under a "mass deportation" scenario removing 1 million immigrants annually, GDP growth could be 1.5 percentage points lower by end of 2027.
Read more in CPA Practice Advisor: https://www.cpapracticeadvisor.com/2025/07/08/u-s-immigration-actions-may-hit-economy-hard-in-2025-fed-study-says/164552/
