Immigration policy changes won't cause shit. Us immigrants will want to stay here no matter how hard it gets. Sad, but true. There may be a momentary decline in the number of international students attending US universities but it wouldn't matter in the long run.
Won't cause the next recession but might cause a long term strategic shift that moves high tech jobs out of the US and hurts the US economy in the long run. But the will happen slowly and not come in the form of a recession. Just lost opportunity over time.
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Immigration policy? No Trade policy might.
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^This. Unfortunately for immigrants, there are very limited better options, so even if they are screwed most will deal with it.