• Protests over ICE raids in the Los Angeles area this weekend highlight the crackdown on undocumented workers at businesses and the overall impact of immigration, legal or otherwise, on the economy. The collapse in immigration represents a bigger negative supply shock than President Donald Trump’s tariffs do, Deutsche Bank said.

President Donald Trump’s mobilization of California National Guard troops to protect immigration officers from protesters highlights his crackdown on undocumented workers and the economic impact of a sudden drop in labor supply.

Protests in Los Angeles began on Friday, when armed federal agents clad in camouflage uniforms, tactical vests, and helmets arrived in armored vehicles to carry out a raid on a clothing wholesaler. It was the latest in a series of simila

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