President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S. illegally and with temporary protections once he takes office on Jan. 20, a challenging initiative that could split apart families and affect U.S. businesses.

President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally.

Eric Trump, executive vice president of the Trump Organization and son of President-elect Donald Trump, recently shared his views on tariffs, inflation and Federal Reserve policy. Speaking exclusively with Benzinga‘s Bibhu Pattnaik,

Inflation fell worldwide in 2024, but voters expressed discontent with rising prices from past years, leading to the defeat of incumbent parties. Donald Trump’s re-election in the U.S. exemplified global political shifts amid economic woes.

Economic issues, particularly living costs, were front and centre in 2024 as some 2 billion people went to the polls.

Trump’s ability to project strength and assure voters that he would reduce inflation helped him win November’s election. Stocks initially climbed on the prospect of tax and regulatory cuts, but Trump still faces a skeptical public and appears to be starting his presidency from a more delicate position than Biden did four years ago.

He has promised to tame price increases. But even a president can only do so much.

At stake is inflation, immigration, China relations, Russia-Ukraine war, Israeli-Palestinian crisis and climate change - Anadolu Ajansı

Shares have suffered heavy falls to end the trading week, and some economists say a trending change in markets could mean the rout is not over yet.

Despite making a promise of lowering prices on inflation a central part of his presidential campaign, and admitting that that promise was key to his being elected, Donald Trump is now waffling on whether that's even possible.

President-elect Trump, in a major interview, pinpoints the key reason why he defeated Vice President Kamala Harris in the White House race was Americans' frustrations with high grocery prices