Plus, the Oscar film that pets are watching. On Today’s Episode: Trump Declines to Rule Out Recession as Tariffs Begin to Bite, by Luke Broadwater, Colby Smith and Ana SwansonBanker Mark Carney Wins Race to Lead Liberal Party, and Canada, by Matina Stevis-GridneffImmigration Authorities Arrest Pro-Palestinian Activist at Columbia, by Eliza ShapiroWhite House Cancels $400 Million in Grants and Contracts to Columbia, by Sharon Otterman and Liam StackChaos Sweeps Coastal Syria, by Christina Goldbaum and Reham MourshedThe Oscar-Winning Movie That Pets Can’t Stop Watching, by Esther ZuckermanTune in every weekday morning. To get our full audio journalism and storytelling experience, download the New York Times Audio app — available to Times news subscribers on iOS — and sign up for our weekly newsletter.Tell us what you think at: [email protected].
Full Episode
From The New York Times, it's the headlines. I'm Tracy Mumford. Today's Monday, March 10th. Here's what we're covering.
Are you expecting a recession this year? I hate to predict things like that. There is a period of transition because what we're doing is very big.
President Trump has declined to rule out the possibility that his economic policies, including waves of aggressive tariffs, could trigger a recession.
Our country's been ripped off for many decades, for many, many decades, and we're not going to be ripped off anymore.
In an interview that aired Sunday on Fox News, the president said that he was stopping America from being taken advantage of in trade, but acknowledged that his moves could take some time to pay off. His willingness to put tariffs on America's closest trading partners, even if he's then paused some of them, has been sending shockwaves through the stock market.
And forecasts from Wall Street giants like J.P. Morgan and Goldman Sachs say a recession in the next 12 months has become more likely. Still, Trump has promised more tariffs as soon as this week, and other countries, including Canada and China, have responded in turn. Today, China's retaliatory tariffs on a lot of American farm products kicked in.
Chicken, wheat, corn, soybeans, and more are going to face a 10 to 15 percent levy. That could deal a blow to U.S. farmers. China is their biggest overseas market.
Meanwhile... I know that these are dark days. Dark days brought on by a country we can no longer trust.
The trade war that Trump has kicked off was hanging over Canada this weekend as the Liberal Party chose its new leader. Mark Carney will replace Justin Trudeau as the country's prime minister, and he's vowed to push back on the U.S.
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