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PRESS DIGEST- New York Times business news - May 29

ReutersMay 29, 2025 4:48 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- A U.S. trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.

- The United States has suspended some sales to China of critical U.S. technologies, including those related to jet engines to Chinese state-owned aerospace manufacturer COMAC.

- U.S. Secretary of State Marco Rubio announced on Wednesday the United States will start "aggressively" revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.

- Billionaire Tesla TSLA.O CEO Elon Musk is leaving the Trump administration after leading a tumultuous efficiency drive, during which he upended several federal agencies but ultimately failed to deliver the generational savings he had sought.

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