P.M. Edition for Oct. 10. President Trump responded to recent Chinese actions targeting the U.S. by <a href="https://www.wsj.com/politics/policy/trump-china-tariffs-rare-earths-xi-meeting-8053c81a?mod=WSJ_WNPOD">threatening higher tariffs</a> and export controls on China—a move that sent <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-10-10-2025?mod=WSJ_WNPOD">U.S. markets falling</a>. WSJ reporter <a href="https://www.wsj.com/news/author/jack-pitcher?mod=WSJ_WNPOD">Jack Pitcher</a> explains the market reaction. Plus, the White House said today that it has begun <a href="https://www.wsj.com/politics/policy/trump-federal-employee-layoffs-government-shutdown-d28b0acc?mod=WSJ_WNPOD">mass layoffs of federal workers</a> as a result of the government shutdown. And MIT has become the first university to <a href="https://www.wsj.com/us-news/education/mit-trump-college-compact-8fefcea4?mod=WSJ_WNPOD">reject a compact</a> sent by the Trump administration last week offering colleges funding advantages. We hear from WSJ reporter <a href="https://www.wsj.com/news/author/douglas-belkin?mod=WSJ_WNPOD">Doug Belkin</a> about why the university rejected it, and what it means for other universities faced with a similar proposal. Alex Ossola hosts.

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