CNN 5 Things Tariffs unblocked, Trump meets Fed chief, Israel accepts ceasefire proposal & more
May 29, 2025
President Trump faces renewed challenges with reinstated tariffs after a court ruling, stirring debate around his trade agenda. He meets with Federal Reserve Chairman Jerome Powell to discuss economic strategies, hinting at internal tensions. Meanwhile, Israel has accepted a ceasefire proposal, raising hopes for humanitarian aid and hostage negotiations. On a different note, a devastating glacier collapse has impacted a Swiss village, while the hunt intensifies for escaped inmates in New Orleans.
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Tariff Rulings Challenged in Courts
- Courts have temporarily blocked President Trump's tariffs due to questions about his authority under the International Economic Powers Act.
- The administration plans to fight the rulings through the appeals process and possibly the Supreme Court.
Trump Meets Fed Chief Amid Tensions
- President Trump met Federal Reserve Chair Jerome Powell in his second term amid criticism of the Fed's interest rate policies.
- Powell asserted decisions would not be influenced by the president's demands during the White House meeting.
Ceasefire Talks Include Hostage Exchange
- A U.S. ceasefire proposal involves hostage release and a 60-day ceasefire with Hamas to negotiate a war end.
- Hamas is cautiously willing but requests U.S. assurances that fighting won't resume after 60 days.