Donald Trump Has One Trick Up His Sleeve To Stop The Caravan

Donald Trump

The migrant caravan threatening to invade America is still making its way through Mexico.

Thousands of migrants think they will be able to pour across the border and enter America.

But Donald Trump has one trick up his sleeve to stop the caravan dead in its tracks.

Donald Trump Promises To Change Asylum Laws To Stop The Caravan

The caravan – which once numbered as many as 10,000 migrants according to some reports – is intent on invading America.

Even though it is now down to roughly 3,000 migrants, these invaders still plan to breach America’s Southern border.

Their plan is to get caught by border patrol agents and request asylum.

You can request asylum at legal points of entry.

Border patrol agents catching migrants in the act of illegally entering America is not one of those points of entry.

But the Immigration and Naturalization Act also states if asylum seekers have a “well-founded fear of persecution on account of race, religion, nationality, membership in a particular social group or political opinion,” they can request asylum at non-designated points of entry.

Illegal aliens caught entering the country then have one year to request asylum.

But Trump plans to change all that.

Attorney General Jeff Sessions previously issued guidelines rolling back Obama-era rules that allowed migrants to request asylum if they feared gang or domestic violence.

In a pre-election press event, Trump announced he would issue an executive order changing asylum laws.

“If these caravans are allowed into our country, only bigger and more emboldened caravans will follow — and you see that’s what’s happening now,” Trump declared.

That’s why he said he would change asylum laws to prevent migrants who are caught entering the country illegally from requesting asylum.

Why This Executive Order Is Necessary

The day after the midterm elections, news broke that Trump planned to issue this executive order before he left for Paris.

Trump said that asylum is not a program for people in poverty.

In fact, many of the migrants in these caravans are economic refugees.

Employers in the United States want the cheap labor to cut costs, but it depresses the wages of American workers.

Trump knows migrants abused the asylum program for too long.

So he is making whatever changes the Constitution allows him through his executive authority.

If the caravans aren’t stopped, Trump noted this could lead to a flood of migrants invading the country.

A Pew poll showed 58 percent of people in El Salvador would move to America if they could.

The United States cannot sustain itself as a nation with open borders and allowing the world’s poorest people to flood into the country.

Trump and his supporters believe there needs to be a tightly controlled system in place to allow for legitimate claims but will clamp down on the idea that just anyone can enter America.

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USD drops further on trade breakthrough hopes

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The major financial headline on Friday is reports that Trump has asked the cabinet to draft a possible trade deal with China – something that if occurred, would be welcome news for financial markets across the globe. This would also be seen as a major threat to the USD rally, meaning that this is the potential card to help encourage a jump in other currencies around the world, especially those in emerging markets. At time of writing, Trump is scheduled to meet Chinese authorities in a few weeks, with the potential outlook of a breakthrough in prolonged trade tensions representing an invesment opportunity for financial markets to further unwind of USD positions.

This comes shortly after the news yesterday that President Trump was quoted as saying that he and President Xi had a “long and very good” conversation while indicating in a Tweet that US and China discussions on trade were progressing. A potential breakthrough would obviously be welcome news for investors and financial markets globally, because the threat of a trade war conflict has been viewed generally as probably the largest risk to the world economy since the global financial crisis a decade ago.

This air of optimism is providing some inspiration for investors to put risk back into their portfolios, which is why global stocks and emerging market assets are benefiting from such headlines. It is viewed as a negative for the Dollar, considering that one of the reasons for prolonged Dollar strength over the past six months or so was because of the Dollar appeal in light of trade tensions, so further indications of progress in US-China trade talks would be seen as encouragement for traders to drive the Dollar lower from its new 2018 high just a few days ago.

Of course everyone would hope that we can continue to progress from trade tensions, but there is an air of caution that should still be used. These political risk headlines are completely unpredictable and nobody really knows what is going on behind closed doors with the trade negotiations, but it can be considered as a good sign that there are hopes of some sort of deal being agreed in the run up to the scheduled meeting between President Trump and Chinese President Xi Jinping at the G-20 nations summit in Argentina later this month.

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