Friday, May 30th, 2025 - Tariff whiplash - again; Chinese student visas revoked; Paramount lawsuit; HHS cuts bird flu vax funds; Musk is out
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Today’s Headlines: The US Court of International Trade ruled that President Trump exceeded his authority by imposing global tariffs under the International Emergency Economic Powers Act, canceling most tariffs—only for the appeals court to reinstate them during the ongoing appeal. Meanwhile, ASEAN countries agreed to protect each other’s economies against harmful US trade deals amid mounting tariff tensions. The State Department, led by Marco Rubio, announced plans to revoke visas of Chinese students with ties to the Communist Party and pause new student visa interviews to enhance vetting. In other news, Qatar hesitates to finalize the transfer of Trump’s private jet due to costly maintenance and demands for clear legal disclaimers. Paramount offered $15 million to settle Trump’s lawsuit over a CBS News interview, but Trump wants $25 million plus an apology, leveraging the studio’s pending merger approval. Moderna lost millions in HHS funding for its bird flu vaccine development, and Elon Musk resigned from DOGE after 114 days, having achieved only a fraction of his deficit-cutting goals while stirring controversy on multiple fronts.

Resources/Articles mentioned in this episode:

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CNBC: Trump tariffs reinstated by appeals court for now)

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Fox Business: Federal court rejects Trump's 'unbounded authority' to impose worldwide tariffs)

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Reuters: ASEAN leaders agree tariff deals with US should not harm fellow members)

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MFA Malaysia: ASEAN-GCC-CHINA  27 MAY 2025 - Press Releases) 

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WSJ: U.S. to Revoke Visas of Chinese Students)

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WA Post: Trump’s Air Force One deal with Qatar not final despite U.S. claims) 

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WSJ: Paramount Has Offered $15 Million to Settle CBS Lawsuit. Trump Wants More.)

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WA Post: HHS cancels funding for Moderna to develop vaccines to combat bird flu) 

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NBC News: Elon Musk officially leaves the White House)

Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson

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