The Rundown Trump Says China Violated Preliminary Trade Deal, Meta Teams Up with Anduril on Military Tech
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May 30, 2025 Recent trade tensions surface as Trump accuses China of breaching a preliminary agreement, stirring economic concerns. Meanwhile, Meta joins forces with Anduril to advance military tech, revolutionizing VR and AR for the U.S. Army. The podcast dives into a groundbreaking project featuring AI-powered helmets, reminiscent of Iron Man's tech, promising to enhance soldier capabilities. Innovations from Amazon are also discussed, including a foldable smartphone. Plus, the fluctuating stock market reflects the impact of tariffs on companies like Gap and highlights NVIDIA's fascinating origin story.
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Tariffs Return, Market Wobbles
- The reinstatement of Trump's tariffs by an appeals court after a brief block increased market uncertainty.
- Most experts expect this issue to reach the Supreme Court, impacting investor confidence further.
Trade Talks Stall, Tensions Rise
- Trade talks with China are stalled according to Treasury Secretary Scott Besson.
- President Trump's claim of China's violation and hint at doubling down on tariffs signal renewed trade tensions.
Fed Stands Firm on Rates
- Fed Chair Jerome Powell emphasizes interest rate decisions are based on objective, non-political analysis despite Trump's push for cuts.
- Inflation is close to Fed's 2% target, and markets widely expect rates to stay steady soon.