Bloomberg News Now May 29, 2025: Appeals Court Halts Tariffs Ruling, US-China Talks Status, More
May 30, 2025
Discover the latest on the ongoing legal battles surrounding tariffs and the complexities of US-China trade negotiations. Explore Costco's impressive earnings amid economic shifts and get insights into how businesses like Amazon Business are boosting productivity. Tune in for updates on notable figures in the news and learn about innovative solutions from companies like 4imprint and Hiscock Small Business Insurance, designed to enhance efficiency and provide protection.
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Tariffs Stay Amid Legal Review
- A federal appeals court paused a ruling that found Trump's tariffs illegal, allowing tariffs to stay during further review.
- The Trump administration is considering a stopgap tariff plan under the Trade Act of 1974 to address trade imbalances.
Trade Talks Need Leaders' Input
- U.S.-China trade talks face challenges and may require a call between Presidents Trump and Xi Jinping to progress.
- U.S. Treasury Secretary Scott Besson is confident China will come to the negotiating table.
Israel Accepts Gaza Ceasefire Proposal
- Israel accepted a U.S. proposal for a Gaza ceasefire including hostage releases and a 60-day truce.
- The White House awaits a response from Hamas regarding the ceasefire talks.