Trump’s Tariffs Topple—Then Rise Again! Meanwhile, Musk Exits & AI Takes Over: What you need to know this week!

Hello Readers,

Did you hear?

A US court revoked Trump’s tariffs!

A U.S. federal court has struck down former President Donald Trump’s “Liberation Day” tariffs, ruling they were unlawful and exceeded presidential authority under the 1977 International Emergency Economic Powers Act. The tariffs imposed a 10% duty on most imports and higher rates on goods from countries like China, Mexico, and Canada. The court found that Trump misused emergency powers, as no legitimate emergency justified the tariffs. The decision marks a significant check on executive authority in setting trade policy. What now?

Trump appealed and got it back ‘temporarily’!

A U.S. federal appeals court has temporarily reinstated most of former President Donald Trump's tariffs, following a lower court's ruling that deemed them unlawful. The appeals court's stay allows the tariffs to remain in effect during ongoing legal proceedings, as the administration argues they are vital for national security. Critics, including several Republican lawmakers, express concerns over executive overreach and economic impact. The legal battle may escalate to the Supreme Court, with the administration considering alternative legal avenues to uphold its tariff policies. What else?

US claims China broke tariff deal!

On May 30, 2025, President Donald Trump accused China of violating a recent trade agreement aimed at reducing tariffs and easing restrictions on critical minerals. He alleged that China failed to resume exports of rare earth elements and delayed issuing export licenses, contravening the Geneva accord. In response, Trump announced a doubling of U.S. tariffs on steel and aluminum to 50%. China denied the allegations and urged the U.S. to cease discriminatory actions. The dispute has stalled trade talks and unsettled global markets. What else?

The US and India are close to a trade deal!

President Trump announced that the US is "very close" to finalizing a trade deal with India, emphasizing that he would not pursue agreements with nations engaged in conflict. Trump claimed that his administration helped avert a potential nuclear war between India and Pakistan by leveraging trade discussions, asserting that both countries agreed to cease hostilities to facilitate trade. However, Indian officials have refuted these claims, stating that trade was not discussed during talks related to the recent military clashes with Pakistan. What else?

Musk has left the Trump administration!!

On May 30, 2025, President Donald Trump hosted a farewell ceremony for Elon Musk, who stepped down as head of the Department of Government Efficiency (DOGE). Trump praised Musk as his "cost-cutter-in-chief" for implementing significant federal spending reductions and bureaucratic reforms, though DOGE achieved $175 billion in savings, short of its $2 trillion goal. Amid controversies over mass firings and Musk's alleged drug use, Trump gifted him a ceremonial golden key, symbolizing appreciation. Despite resigning, Musk pledged continued informal support to the administration while refocusing on his private ventures. With Musk out of his role as the top dog in DOGE, will DOGE be able to keep cutting costs?

Speaking of top, did you hear? Generative AI will be a key requirement in all future roles!?

Since the launch of ChatGPT in late 2022, the world has been incorporating Artificial Intelligence (AI) in almost every aspect. Today, AI is helping with legal work, medical prescriptions, lunch recommendations, and so much more. Every new smartphone model is being incorporated with an AI model that makes life much easier for us.

Generative AI is making work more efficient in the workforce while improving accuracy. But how?

• Automating Repetitive Tasks – AI can handle routine tasks like data entry, report generation, and email responses, freeing employees for strategic work.
• Boosting Customer Support – AI chatbots and virtual assistants provide instant responses to customer queries, improving efficiency and satisfaction.
• Enhancing Personalization – AI can tailor recommendations, emails, and marketing campaigns based on user behavior, leading to more effective engagement.
• Optimizing Workflows – AI can identify inefficiencies in business processes and suggest improvements to enhance productivity.
• Facilitating Collaboration – AI tools like real-time translation and transcription improve communication across global teams.
• Reducing Human Error – AI-driven automation ensures accuracy in financial calculations, compliance checks, and data processing tasks.

Considering its importance and benefits, companies are heavily investing in it or planning to! According to a study by McKinsey, most C-suite respondents already have roadmaps to guide their Gen AI strategies and have begun identifying use cases. However, only 1% of respondents believe their AI investments have reached maturity while 92% plan to invest more in the next 3 years!

This indicates that the market is all set to grow more in the next 5 years!!

Moreover, Indian companies are also taking this trend seriously. HCL Tech has announced its plan to train 20,000 employees in Generative AI every quarter! With the application of AI expanding rapidly, Generative AI is becoming one of the most important fields that every employee needs to upskill in!!

Are you ready?

Join our workshop on Generative AI to get some important tips and tricks that you can use on your job from the first day! From understanding the basics, decoding prompts, understanding the market, future prospects, and application in multiple fields, learn it all in our latest workshop conducted by industry experts!!