Why Joe Biden's New Immigration Order Could Become Double-Edged Sword for US Economy

By Giuliano De Leon

Jun 04, 2024 03:11 PM EDT

US President Joe Biden just signed a new immigration order. He approved the executive order on Tuesday, June 4. This policy will temporarily shut down asylum requests once they reach a certain number of daily encounters. But, experts warned that this new immigration order could become a double-edged sword for the US economy.

Why Joe Biden's New Immigration Order Could Become Double-Edged Sword

The new immigration order could have a double-edged economic impact. NBC News explained that it could ease supply chain bottlenecks between Mexico and the United States.

However, as some trade analysts and economists explain, it could also tighten the labor markets in the US. The new immigration order will stop undocumented asylum seekers from entering the country at the southern border.

The restriction will be implemented once the number of immigrant encounters exceeds 2,500 within a week. However, the Biden Administration said that it will reset after two weeks once Border Patrol agents determine that the daily migrant encounters decreased below 1,500 within seven days.

As of writing, the Department of Homeland Security said the average daily immigrant encounters are 4,000. If this continues, the new executive order will usually be triggered.

How Can a New Immigration Order Benefit the US?

According to Time Magazine, the Biden Administration said that the new immigration order would reduce the backlog and improve the system at the U.S.-Mexico border.

"President Biden believes we must secure our border. That is why today, he announced executive actions to bar migrants who cross our Southern border unlawfully from receiving asylum," explained a senior Biden Admin official.

He clarified that the new executive order has humanitarian exceptions for victims of trafficking and unaccompanied children.