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National Business Review

May 2025

Trump fights tariff court ruling; Boeing to resume China delivery

First, there has been a wave of global reaction, including on NBR, to the court decision that US President Donald Trump overstepped the mark with his restrictive trade tariffs

We will also revise visa criteria to enhance scrutiny of all future visa applications from the People’s Republic of China and Hong Kong,
Elon Musk ’sbillionaire
As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,
Marco Rubiosecretary of State
New Visa Policies Put America First, Not China”.
Elon Musk ’sbillionaire
As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,... The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government."

Palestinians storm food hub; Musk criticises 'big beautiful bill'

Bob SavagebNY head of markets macro strategy
How AI demand plays out has far-reaching implications for the U.S. market as we head into June, and many will be waiting to see today's report before doubling into the May bounceback in risk,
I’m not happy about certain aspects of it, but I’m thrilled by other aspects of it,
Elon Muskbillionaire
I think a bill can be big or it could be beautiful,

Hawkesby’s first major test signals further rate cuts

This afternoon, the RBNZ cut the OCR by 25 basis points to 3.25% — a widely expected move — amid a challenging global economic landscape

What keeps agribusiness leaders awake at night

In its 2025 KPMG Agribusiness Agenda — which it has titled ‘Turning talk into tasks’ — biosecurity topped its list of concerns for the 15th consecutive year

Trump threatens EU, takes bite out of Apple; Russia attacks Kyiv

First, US President Donald Trump threatened to introduce a 50% trade tariff on all goods from the European Union from June 1, as well warning technology giant Apple about US-made iPhones

Donald Trumppresident
Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than US$250,000,000 a year, a number which is totally unacceptable,
We don’t need any more provocations now, but serious negotiations,
Bildgerman newspaper
We don't need any further provocations, but serious negotiations,

US bond yields rise on Trump tax bill; Harvard ban

The legislation has been hotly contested by Democrats and some Republicans, with it estimated to add US$5.2 trillion to US debt and increase the country's budget deficit by about US$600 billion in the next fiscal year

George Catramboneincome and trading
Investors are now asking themselves a very difficult question, which is, would you loan the US government money at 5% for 30 years?”
Harvard’s leadership has created an unsafe campus environment by permitting anti-American, pro-terrorist agitators to harass and physically assault individuals, including many Jewish students, and otherwise obstruct its once-venerable learning environment,

Govt halves KiwiSaver top up; default contributions to rise

The Government has announced a suite of changes to KiwiSaver which will result in about $3 billion worth of fiscal savings over four years

Trump confronts South African president; OpenAI’s US$6.4b buy

Donald TrumppRESIDENT
These are concerns we are willing to talk to you about.”... The farmers are not Black,
Sam StovallcFRA Research chief investment strategist
The question now is, from a fiscal perspective, what will the tax bill look like, and will it undo all of the recent fiscal frugality by simply raising the debt level at a slower rate of pace? So I think that’s why the 10-year yield is moving higher — because investors are worried that we’re really not doing anything to slow the pace of inflation and to reduce the debt,
Sean Parnellpentagon spokesman
The secretary of defense has accepted a Boeing 747 from Qatar in accordance with all federal rules and regulations,
Antoni Trenchevco-founder
Bitcoin’s new high has been concocted by an array of favorable ingredients in the macro cauldron, namely softer U.S. inflation numbers, a de-escalation in the U.S.-China trade war and the Moody’s downgrade of U.S. sovereign debt, which has put the spotlight on alternative stores of value like bitcoin,