Daofu group CEO called Trump's immigration policy "anti-growth"

date
04/11/2025
The head of one of the world's largest asset management companies has called US President Donald Trump's immigration policy "anti-growth". Currently, the US government is implementing an unprecedented crackdown on immigration, causing chaos among the group of foreign workers with professional skills. Ron O'Hanley, CEO of State Street Corporation, said at an international financial leaders' investment summit that the greatest challenge facing the world's largest economy will be the direction of US immigration policy. "Not only illegal immigrants are being stopped, but also legal immigrants, including those who have truly driven US economic growth, prosperity, and company formation," O'Hanley said. "Therefore, in my opinion, the biggest challenge facing the US right now will be the changing immigration situation and the resulting policies. Currently, there is no clear and coherent policy."