How Trump’s ban on international students could affect American companies ...Middle East

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How Trump’s ban on international students could affect American companies
In today’s CEO Daily: Diane Brady talks about Trump’s assault on the universities. The big story: U.S. debt investors do not like Trump’s “big beautiful bill.” The markets: The bond market is awake and angry.  Analyst notes from UBS on Moody’s downgrading U.S. debt, Macquarie on the end of American exceptionalism, Convera on the U.S.’s “Liz Truss” problem, and Pantheon on the mortgage market. Plus: All the news and watercooler chat from Fortune. 

Good morning. The Trump administration dealt a stunning blow to U.S. business with its order to block Harvard University’s ability to enrol international students. About 1.1 million international students enrolled in U.S. colleges and universities last year, contributing $43.8 billion to the U.S. economy. As we all know, many stay on to file patents, found companies, and fuel economic growth.

While the White House’s latest missive may be struck down by the courts, its campaign to vilify elite colleges and immigrants could cause permanent damage to U.S. innovation. Immigration officials have also threatened graduates on short-term work visas—the so-called Optional Practical Training permit—with deportation if they don’t report employment within 15 days of receipt. There’s so much more that it’s hard to list here.

    I first came to the U.S. on a foreign student visa. I would not have come in today’s hostile environment. I wonder how many of the nearly 6,800 students at Harvard—27% of its enrollment—feel the same way. But this is not about Harvard. A country built on attracting the best and brightest from around the world is increasingly telling future generations of talent to go away.More news below.Contact CEO Daily via Diane Brady at [email protected]

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