CNN 5 Things Court blocks tariffs, Musk leaves DOGE, billion-dollar beauty deal & more
May 29, 2025
A federal court has put the brakes on Trump's tariffs, highlighting legal struggles. Elon Musk is stepping away from his role in the administration, creating buzz about his future moves. The U.S. plans to revoke visas for Chinese students amid shifting political tides. The humanitarian crisis in Gaza escalates as people face severe shortages. And in the beauty world, Elf Beauty secures Hailey Bieber's Rhode brand in a stunning billion-dollar deal, signaling big shifts in the industry.
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Court Limits Trump's Tariffs
- A federal court blocked most of President Trump's tariffs, ruling he lacked legal authority under the emergency powers law cited.
- However, tariffs on autos, steel, and aluminum remain unaffected, creating business uncertainty.
Musk Leaves Government Role
- Elon Musk ended his role leading the Department of Government Efficiency, focusing back on SpaceX and Tesla.
- He criticized Trump's massive spending bill as disappointing and deficit-increasing during his time overseeing cuts.
US Targets Chinese Student Visas
- The U.S. plans to revoke visas of Chinese students aggressively, leading to accusations of political motive by China.
- This visa action is part of broader measures deterring foreign students from studying in America.