What's Happening
In his State of the Union address, President Trump emphasized his administration's hardline stance on immigration. However, he avoided discussing recent controversies surrounding family separations and deportations.
Market Impact
The speech had limited immediate market impact but could influence sectors reliant on immigrant labor, such as agriculture and construction, if policies are further tightened.
Broader Implications
Trump's rhetoric may strain U.S. relations with neighboring countries and impact ongoing immigration reform debates in Congress.