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DealBook: Would Trump risk a recession?
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March 10, 2025
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Good morning. China punched back against President Trump’s tariffs, while Canada’s new leader said he’d do so as well. That raises the stakes of the president’s economic agenda — and spurs questions about what could make him change course. (Was this newsletter forwarded to you?
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President Trump has acknowledged that his tariff policy may cause some economic pain, but he believes “it should be great for us” in the long run.
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Haiyun Jiang for The New York Times
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Trump stays the course
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Even President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year, he allowed only, “
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That dodge comes as his trade war continues to escalate and companies warn that his steep government cuts and immigration crackdown may cost them financially. The question is: Will the president stick with his plans?
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The latest:
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<span>
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Beijing has begun imposing tariffs
</a>
<span>
on U.S. agricultural goods — including key exports like chicken, wheat, soybeans and pork — as well as blocking or limiting some American companies’ access to the Chinese market.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Stock futures are pointing to another rough market open. Last week, the S&P 500 suffered its worst one-week fall in six months.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
China’s tariffs may actually take a while to kick in, but they represent the latest consequences of a battle that Trump has actively sought. Meanwhile, Canada’s new leader has promised to fight back, including by supporting retaliatory tariffs. (More on that below.) For now,
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Mexico is holding off
</a>
<span>
on similar counterpunches, but its president, Claudia Sheinbaum, said yesterday that she would act if need be.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
The outlook for tariffs looks cloudy.
</span>
<span>
While Trump abruptly gave Canada and Mexico a reprieve late last week, he is set to impose a 25 percent tariff on steel and aluminum imports starting Wednesday, and more levies next month.
</span>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td height="10">
</td>
</tr>
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<td style="border-top:1px solid #dcdcdc;padding-top:15px">
</td>
</tr>
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<td>
<div style="width:100%;text-align:center;line-height:0">
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<tr>
<td style="padding-bottom:15px;border-bottom:1px solid #dcdcdc">
</td>
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<tr>
<td height="20">
</td>
</tr>
</tbody>
</table>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Other Trump policies are hitting corporate America as well.
</span>
<span>
C.E.O.s have
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
started to complain
</a>
<span>
about the effects of the widespread Elon Musk-led cuts to the federal bureaucracy, including losses of government contracts and delays for drug approvals. “Right now, there is a lot of uncertainty, and I don’t know when that’s going to tip,” Carl Eschenbach, the C.E.O. of the H.R. services provider Workday, said last week.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Other executives worry that businesses, including the home-building, hospitality and agriculture sectors, could be hit by
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Trump’s threats of “mass deportation.”
</a>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Trump doesn’t yet appear to be deterred,
</span>
<span>
even as economists worry about the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
unintended consequences of trade wars
</a>
<span>
. “They always say that we want clarity,” he said of business executives, adding that his policies would eventually yield results: “It takes a little time, but I think it should be great for us.”
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Wall Street has wondered whether, if approval ratings aren’t yet enough to restrain any excesses in Trump’s policies, the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
stock
</a>
<span>
or
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
bond
</a>
<span>
markets will be. For now, it’s an open question.
</span>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td height="10">
</td>
</tr>
<tr>
<td style="border-top:1px solid #dcdcdc;padding-top:15px">
</td>
</tr>
<tr aria-hidden="true">
<td>
<div style="width:100%;text-align:center;line-height:0">
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<h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
<span>
HERE’S WHAT’S HAPPENING
</span>
</h3>
</td>
</tbody>
</table>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Key inflation data and a possible government shutdown are in focus this week.
</span>
<span>
On Wednesday,
</span>
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
</span>
<span>
investors will pore over the latest Consumer Price Index report as fears of tariff-fueled inflation grow. On Friday, Washington may shut down unless Congress approves a
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
stopgap funding measure
</a>
<span>
; the vote is expected to be tight.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
President Trump says a TikTok deal could come soon.
</span>
<span>
Trump said that
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
four groups are in contention
</a>
<span>
to buy the U.S. operations of the video platform from its Chinese parent, ByteDance, but provided few new details. The future of the popular video app is in limbo with a ban required by federal law set to take effect next month.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Google won’t be forced to sell its A.I. investments, but still faces breakup calls.
</span>
<span>
The Justice Department said it would allow the tech giant to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
keep its stakes in artificial intelligence companies
</a>
<span>
, including in Anthropic. But that may be cold comfort to Google, as the department, maintaining the position of the Biden administration, is still requesting the company
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
be split apart
</a>
<span>
.
</span>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td height="10">
</td>
</tr>
<tr>
<td height="8" style="background-color:#000;font-size:0;line-height:0" width="100%">
</td>
</tr>
<tr>
<td height="20">
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td style="border-top:0 solid #dcdcdc;padding-top:15px">
</td>
</tr>
<tr aria-hidden="true">
<td>
<div style="width:100%;text-align:center;line-height:0">
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</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
Musk’s Starlink takes heat in Europe
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Elon Musk’s growing political power and his unapologetic shift to the political hard right has
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
ignited protests
</a>
<span>
in the U.S. that are hitting his companies, including Tesla.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Much
</a>
<span>
the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
same
</a>
<span>
is playing out in Europe, where antipathy to Musk is
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
denting Tesla sales
</a>
<span>
— and, perhaps more important, his Starlink satellite internet business. That raises questions about whether the tech mogul’s politics are damaging his global business empire.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
A recap:
</span>
<span>
Musk raised alarm bells this past weekend when he wrote on X that Ukraine’s front line “
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
would collapse
</a>
<span>
” against Russian forces if Starlink were shut off. European officials have long feared that the world’s richest man appears to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
have outsize power
</a>
<span>
over a technology vital to national security.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Radoslaw Sikorski, Poland’s foreign minister, yesterday
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
called out Musk’s post
</a>
<span>
as a provocation and suggested that his country “will be forced to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
look for other suppliers
</a>
<span>
” if Starlink proved “unreliable.” Secretary of State Marco Rubio
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
demanded that Sikorski apologize
</a>
<span>
. Musk later said that “Starlink will
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
never turn off its terminals
</a>
<span>
” in Ukraine — but told Sikorski to “
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
be quiet, small man
</a>
<span>
.”
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
A key Starlink contract now appears in limbo.
</span>
<span>
Italy is reportedly having
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
second thoughts
</a>
<span>
about awarding a $1.6 billion contract to the company. Musk said this past weekend that he would like to meet with the country’s president, Sergio Mattarella, to try to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
save the deal
</a>
<span>
.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Notably, Musk didn’t mention Prime Minister Giorgia Meloni, a Musk confidante who
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
has come under fire
</a>
<span>
from opposition lawmakers for the potential Starlink deal.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Could European rivals gain ground?
</span>
<span>
Shares in Eutelsat are up more than 20 percent today and have more than tripled in the past week, amid word that the French rival to Starlink is
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
now in the running
</a>
<span>
for the Italy contract.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Beyond Sikorski, other European officials have spoken about supplanting Starlink.
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Andrius Kubilius
</a>
<span>
, the European Union commissioner overseeing defense and space, told Bloomberg Television last week that
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
“there is a possibility to replace”
</a>
<span>
Starlink, and to do so quickly if necessary.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
And other European aerospace companies are
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
exploring a potential tie-up
</a>
<span>
to create a Starlink rival, perhaps betting on E.U. leaders relaxing the bloc’s merger rules to allow it.
</span>
</p>
<table width="100%">
<tbody>
<tr>
<td class="css-36ugzx" style="padding-bottom:15px">
</td>
</tr>
<tr>
<td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
</td>
</tr>
</tbody>
</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
Carney takes on Trump and trade
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Canada has a
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
new leader
</a>
<span>
, in the form of Mark Carney, the former central banker who navigated his country
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
through the 2008 financial crisis
</a>
<span>
and Brexit.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
But the incoming prime minister, who has never held elected office, faces a crucial new challenge: squaring off against President Trump, with Canada’s economy — and, perhaps, its sovereignty — on the line.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Voters appear to believe Carney is better placed to battle Trump.
</span>
<span>
He soared to victory with nearly 86 percent of votes cast by Liberal Party members, far outpacing Canada’s former finance minister, Chrystia Freeland.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
As Carney’s star has risen, so too have the prospects of the Liberal Party in polling. Canada must hold federal elections by October. Recent opinion polling suggests that the Liberals have largely erased a 20-point deficit against the Conservative Party, whose leader is seen as too ideologically close to Trump.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Carney has gold-plated credentials,
</span>
<span>
including as a Goldman Sachs banker, the head of the Bank of Canada and the Bank of England and as an
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
international advocate for green investing
</a>
<span>
. “Carney has an international profile and an undeniable gravitas when it comes to dealing with economic matters, though he has no electoral experience,”
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Dimitry Anastakis
</a>
<span>
, a professor in the Rotman School of Management at the University of Toronto, told The Financial Times.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
That said, many major banks have
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
left Carney’s green-finance alliance
</a>
<span>
amid a broader backlash against environmentally minded investing. And some political opponents have questioned whether his role in managing Canada’s response to the 2008 financial crisis was overstated.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
But taking on Trump will be a huge test.
</span>
<span>
Carney struck an unapologetically patriotic tone in his victory speech, saying, “America is not Canada. And Canada never, ever will be part of America in any way, shape or form.”
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Carney decried what he said were Trump’s efforts to bully Canada into giving up key natural resources including oil, gas, coal, potash and uranium: “The Americans want our resources, our water, our land, our country,” he said, adding, “In trade, as in hockey, Canada will win.”
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
But Canada’s economy is deeply enmeshed with that of the U.S. in many areas, including
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
car manufacturing
</a>
<span>
, and an escalating trade war with tariffs and countertariffs could inflict pain on Canadians, making Carney’s job even harder.
</span>
</p>
<table width="100%">
<tbody>
<tr>
<td class="css-36ugzx" style="padding-bottom:15px">
</td>
</tr>
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<td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
</td>
</tr>
</tbody>
</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
Trump goes after Big Law
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
President Trump has put America’s elite law firms on notice,
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
telling Fox News’s Maria Bartiromo
</a>
<span>
: “We have a lot of law firms that we’re going to be going after because they were very dishonest people.”
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
That pronouncement came after Trump issued executive orders seeking to punish firms with strong Democratic ties including Perkins Coie and Covington & Burling, the latter which has represented Jack Smith, the former special counsel.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Taken together, the moves have
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
shaken the world of Big Law
</a>
<span>
, The Wall Street Journal reports:
</span>
</p>
<p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
<span>
In private conversations, partners at some of the nation’s leading firms have expressed outrage at the president’s actions. What they haven’t been willing to do is say so publicly. Back-channel efforts to persuade major law firms to sign public statements criticizing Trump’s actions thus far have foundered, in part because of retaliation fears, people familiar with the matter said. …
</span>
</p>
<p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
<span>
Legal observers say some of the industry’s caution is out of concern for losing corporate clients, many of whom have cozied up to Trump, including by attending the inauguration and rolling back diversity initiatives. Lawyers said they are also concerned about taking public steps that could undermine their ability to provide effective legal representation.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Along those lines, DealBook has heard that other law firms have started weighing whether working with some of the firms under fire, including Covington, could hurt clients with matters before government regulators.
</span>
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THE SPEED READ
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</h3>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Deals
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Bain and the advertising giant WPP reportedly plan to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
break up the research firm Kantar
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, which they own jointly, and sell its businesses, instead of taking it public. (FT)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Panama has
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
requested the paperwork
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
behind CK Hutchison’s plan to sell a controlling stake of its ports business in the country to a group led by BlackRock in a deal supported by President Trump. (Reuters)
</span>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
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Politics, policy and regulation
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
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<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
“
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Zuckerberg’s Meta considered sharing user data with China
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, whistleblower alleges” (WaPo)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Here’s a
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
look at Amy Gleason
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
. The Trump administration says she is in charge of the Department of Government Efficiency. (NBC News)
</span>
</li>
</ul>
</td>
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</tbody>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Best of the rest
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
The immigration authorities
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
arrested a student activist
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
who played a prominent role in anti-Israel protests at Columbia University. It comes as the Trump administration
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
pulled $400 million in funding
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
from the school over accusations that it had failed to protect Jewish students and faculty. (AP, NYT)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
“What Went Wrong at
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Saudi Arabia’s Futuristic Metropolis in the Desert
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
” (WSJ)
</span>
</li>
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