Recent policies aimed at reducing migration to the US are raising concerns about potential labor shortages, as the crackdown could disrupt the supply of crucial workers needed across various sectors. Analysts warn that the repercussions of these immigration policies may be more profound than the effects of trade tariffs, with deeper implications for consumer spending and overall economic stability. While markets are traditionally sensitive to trade policies, reactions to immigration measures have been less pronounced, prompting questions about the underlying economic dynamics at play. Observers are now looking for indicators on when the effects of these policies will manifest in economic data, as businesses brace for potential challenges ahead.