BlackRock CEO Larry Fink just sent a warning to President Trump about the potential consequences of mass deportations. Speaking at the CERAWeek Conference in Houston, Fink cautioned that nationalistic policies, including deporting workers, could lead to increased inflation in the US ¹.
Fink specifically highlighted the potential problems in the agriculture sector, asking rhetorically, "Are we going to be able to harvest it now?" He also expressed concerns about the shortage of skilled workers, such as electrical workers needed to build AI data centers ¹.
Fink's warning comes amid rising concerns about the impact of Trump's immigration policies on the US economy. Industry groups have warned that the policies could lead to increased costs and reduced competitiveness for American businesses ¹.
It's worth noting that Fink's comments are not just limited to immigration policies. He also expressed concerns about the potential for increased tariffs and trade tensions, which could further exacerbate inflationary pressures ¹.#BlackRock $BTC