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WSJ What’s News

U.S. Tariffs Stay in Place as Appeals Court Puts On Hold Earlier Ruling

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 29 May 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for May 29. A federal court has temporarily put on hold a ruling that voided President Trump’s tariffs. WSJ trade and economic policy reporter Gavin Bade discusses what this means for the president’s trade agenda and where the administration goes from here. Plus, Jess Bravin discusses the potential role of the Supreme Court. And Meta and Anduril are teaming up to make high-tech VR/AR headsets for the U.S. Army. WSJ technology and national security reporter Heather Somerville weighs in on why this could be an important move for Meta’s business. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.1

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0:27.2

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0:33.2

An appeals court temporarily allows President Trump's tariffs to remain in place.

0:38.8

Plus, what yesterday's ruling that voided the tariffs could mean for Trump's trade agenda.

0:43.8

What's remarkable about this case is that it really ties in law, politics, and economics

0:48.4

are all here inextricably tied. And what the courts do is going to affect the way the markets

0:53.8

and the way that

0:54.6

trade policy is seen around the world.

0:56.9

And President Trump tells Fed Chair Jerome Powell he's making a mistake by not lowering interest

1:02.1

rates.

1:03.1

It's Thursday, May 29th.

1:05.0

I'm Alex Osloaf for the Wall Street Journal.

1:07.3

This is the PM edition of What's News, the top headlines and business stories that

1:11.7

move the world today.

1:16.9

President Trump's tariffs are to stay in place for now. In a brief order this afternoon,

1:22.1

the U.S. Court of Appeals for the Federal Circuit said it was pausing yesterday's decision from

1:26.6

the Court of International Trade,

1:28.4

which, as you heard in this morning show, ruled that President Trump didn't have the authority

...

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