NBC Meet the Press Meet the Press NOW — May 29
May 29, 2025
A federal appeals court reinstates many of Trump's tariffs, stirring debates on whether the case will reach the Supreme Court. Harvard celebrates graduation while battling over international student rights, showcasing resilience amidst legal challenges. The talk also unveils the political implications of recent presidential pardons, stirring tensions in Michigan. Insights on military policies for transgender troops add another layer to ongoing political maneuvering, illustrating the complex interplay of law, trade, and rights in today's landscape.
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Temporary Reinstatement of Tariffs
- The courts temporarily reinstated most of President Trump's tariffs after ruling they were unconstitutional.
- The White House insists it will continue its tariff agenda using other legal methods if blocked by courts.
Fed Chair Resists Trump Pressure
- President Trump urged Fed Chair Powell to lower interest rates, but Powell refused to yield to political pressure.
- The Fed emphasized its independence despite White House pressure for rate cuts.
Market Shrugs Off Tariff Uncertainty
- Market reaction to tariff legal developments was muted, reflecting uncertainty and complex legal challenges.
- Small business owners face difficulty planning due to sudden changes and uncertainty around tariffs.