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29 May 2025
Trading news
May 29, 2025
US suspends exports of jet engine technology and chip software to China - New York Times
The US President Donald Trump's administration has paused some sales to China of critical US technologies, including those related to jet engines, semiconductors, and certain chemicals., per New York Times.
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May 29, 2025
US court strikes down Donald Trump's 'Liberation Day' tariffs
On Wednesday, a US federal court blocked US President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. per Reuters.
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