HOT TOPICS | Trump & Elon's Big Beautiful BREAKUP! - May 29th, 2025
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What is the main topic discussed in this episode?
It's a beautiful day in the neighborhood. A beautiful day in the neighborhood for a breakup. A little breakup. I know you guys tell me not to sing. Good morning, everybody. Welcome to Hot Topics, 10 a.m. Eastern time here on the East Coast here in New York City. We're so happy that you're here. Thank you for joining us for the Don Lemon Show. Make sure you hit the thumbs up. You know it affects the algorithm. I know I hate to say that. I hate to keep saying that, but they tell us to say it because it does really affect the algorithm. They tell all of the folks who are on YouTube, all of the streamers to do the same thing, okay? So it's a temporary breakup. We all know it won't last. I don't know about that, guys.
And I'm going to tell you why I don't know about that. So we have a lot to talk about. Sing it down louder. It's a beautiful day in the neighborhood. A beautiful day for a breakup. A little breakup. Maybe they'll make up. I don't know what's up with the Doge people. I'm in a good mood. I am in a good mood. Well, hello. I'm in a good mood this morning because what are you going to do? I had a little talk with the Lord last night as I was going through some things and thinking about my sister. And I said, you know, anyway, that's between me and the Lord and me. And, you know, I still talk to her. So breaking up is hard to do. We should have done that. Breaking up is hard to do. Is that what's his name who did?
Ooh, I hear laughter in the rain walking hand in hand. What's his name? Neil Sedaka. Is that Neil Sedaka? So a couple of people I did breaking up is hard to do. There was a woman who did it as well. So, yes, there is a breakup happening. And also there's some huge news on tariffs. And I'm going to show you huge news to come out. The markets are reacting somewhat positively. Let's put up the markets. Uh, it's up. The market is up right now. Some just 12 points. It was up higher, went down a little bit and it's all this uncertainty. So I see you guys laughing at me, Tiffany. No, no, no. This is a Tiffany. I'm talking, I'm talking old school stuff. Not bad. So the market does not like uncertainty. All of this sort of this turmoil and and chaos in the markets, gyrations in the markets.
It's a little bit disturbing for investors, especially for foreign investors who don't know what's going to happen with America. But there is some news to that. So I think I want to start off. I'm going to tell you about the breakup. And then you could figure out whether they're going to break up and make up or whatever. But I want to go to that because I believe this is the biggest breaking news right now. And that is, let's put up the Washington Post. The tariff, there's issues, not Elon Musk leaving the Trump administration. I'm going to go with the tariffs. OK, what happened with the this international court is what I want to put up. OK, so this U.S. trade court. is blocking or is saying, has ruled that the Trump tariffs, many of these tariffs, the sweeping tariffs, are saying that they are illegal, that they're unconstitutional.
A U.S. federal court has blocked President Trump sweeping global trade tariffs in a major blow to a key component of his economic policies. That's according to the BBC and also the Washington Post. OK, so let's first read the Washington Post, because it is unbelievable that this has happened and the markets are starting to now stabilize because of it. And the Donald Trump administration is freaking out right now. OK, what are they doing? How dare they block the president? The president is a king. He's a monarch. He can do whatever he wants to do. No, they're tired of the taco of it all. OK, which Trump tariffs are thrown out, which ones are still in the Court of International Trade halted most of Donald Trump's tariffs.
That happened on Wednesday. Now to the body of this article to explain. After months of evil surrounding President Donald Trump's trade war and the levies imposed on goods from nearly every country around the world, a court has blocked most of his tariffs. It is called the Federal Court of International Trade.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:16–11:13
2
What breaking court decision halted most of Trump's sweeping tariffs?
11:13–23:48
3
Which specific Trump tariffs were struck down and which remain in effect?
23:48–34:02
4
Why did judges rule the International Emergency Economic Powers Act didn’t authorize unlimited tariffs?
34:02–57:43
5
How did markets and trading partners react after the tariffs were blocked?
57:43–1:01:05