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Trump Global Tariffs Deemed Illegal, US to Revoke Chinese Student Visas | Bloomberg The Pulse 05/29
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May 29, 2025
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48:36Now PlayingThe vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. A panel of three judges at the US Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused Trump of wrongfully invoking an emergency law to justify the bulk of his levies. The court gave the administration 10 days to “effectuate” its order, but didn’t spell out any steps it must take to unwind the tariffs. Meanwhile the US plans to start “aggressively” revoking visas for Chinese students, Secretary of State Marco Rubio said, escalating the Trump administration’s push for greater scrutiny of foreigners attending American universities. Rubio said in a statement that students affected would include “those with connections to the Chinese Communist Party or studying in critical fields.” The US will also enhance scrutiny “of all future visa applications from the People’s Republic of China and Hong Kong,” he added.
Today's guests: Virginie Maisonneuve, Allianz Global Investors, Jim O'Neill, former Goldman Sachs Asset Management Chairman, Amrita Sen, Energy Aspects Founder
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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