This is a story we need to amplify: Trump's antagonism toward Latinos is hurting the US economy.
Major US retailers are seeing a decline in revenues in predominantly Hispanic areas in the wake of Donald Trump’s election, a concerning trend as the holiday season approaches.
Many Hispanics in the US aren’t leaving the house except to buy essential goods as a result of strict immigration policies imposed by the Trump administration. Worried they’ll be harassed by immigration or law enforcement officials if they are seen in public, Hispanic consumers are cutting back on discretionary spending, according to community groups, research firms, and retailers.
That consumer hesitance is affected America’s second-fastest-growing ethnic group, and is worrisome for companies that are already struggling across the economy. Retailers in border towns have been impacted more than most.
“They are staying home. They are going out less often, particularly around border towns in the United States,” Target CEO Brian Cornell recently said at a conference, according to Reuters.