US President Donald Trump to cancel the legal status of over half a million migrants

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The administration of US President Donald Trump said that he would withdraw the fleeting legal status of over half a million migrants from Kuba, Haiti, Nicaragua and Venezuela according to the BBC.

These migrants were warned about leaving the United States before their permits and deportation discs are canceled on April 24.

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The appeal may lead to low -term interference on the labor market, especially in industries that depend significantly on immigrants, such as agriculture, construction, hospitality and healthcare. This will probably lead to higher wages if the basic economy of supply and demand occurs

Trump also considers whether to cancel the fleeting legal status of about 240,000 Ukrainians who fled to the US during the conflict with Russia.

Market reaction

During the press, the US dollar indicator fell by 0.13% on 104.00.

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