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Business, Economics, and Taxes: Eat Cereal for Dinner

#freeluigi

The author and presenter adds that, in an exposé by The Atlantic magazine, it becomes apparent that Meta at first looked into acquiring the rights to use this content legally, but it soon became clear that the cost could be prohibitive.

"In all these internal communications, it becomes apparent that it is not particularly cheap and it is not particularly easy," Richard explains.


"In the communications, someone says 'Look, it is really, really important for Meta to get these books ASAP. Another person on the email chain said, 'Look, I've spoken to publishers and this seems unreasonably expensive'."

It was after this exchange, Richard says, that the decision was made to mine LibGen to feed Meta's AI: "Apparently someone then gave the go ahead to scrape LibGen, which as we say is a deeply, deeply, deeply illegal website."

He adds that several other AI companies are using similar tactics to train their Large Language Models [LLMs] and the argument in favour of racing ahead without doing the proper paperwork is that in less scrupulous régimes – such as China and Russia – this will be going on anyway.
Click to expand...
 
Proud2baLaker said:
Hearing that Tesla is also asking for exemptions to the tariffs. Would not be surprised if he let them have their requested exemptions but not anyone else.
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A lot of confusion surrounds these new tariffs as PC manufacturers assumed that the 25% aluminum tariff was on the raw material imported by the US, not on manufactured aluminum in PC cases and parts. Which would be on top of the 20% import tariff on the PC already.

www.pcmag.com

'Absolute Madness': Trump's Aluminum Tariffs Hit GPUs, Desktop Cases

PC vendors say they thought the 25% tariff was on raw aluminum and steel, not finished products. Unfortunately, the policy also targets aluminum 'derivative' products.
www.pcmag.com www.pcmag.com

Same with the auto parts as Slovakia, the "Detroit of Europe" https://www.cnbc.com/2025/04/02/tru...a-could-be-hit-hardest-by-us-auto-duties.html

I saw one graphic that shows how aluminum crosses the US Canadian border almost seven times in various phases and could face a tariff every time it enters the US. https://lfpress.com/news/local-news/trump-tariffs-car-part-crosses-canada-us-mexico-borders-7-times

LFP032025-autoManufacturing-BH-W-e1741108551620.jpg


So, depending how hastily these tariffs are written, every time material crosses the border, it gets tariff'd. Pile of aluminum from Canada to US? 25% ship the assembled piece to Canada. Send bundled part to Chicago for installation in bigger assembly? 25%. Ship bigger assembly to Canada. Ship fully assembled car to US? Another 25%. And then any general blanket tariff on top of each trip.
 
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Has there been any actual quantitative detail yet?

Edit: "Trump held up a chart while speaking at the White House, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan."

That has to be about 98% of all consumer goods bought by Americans. Nice.
 
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From the AP: linky

Full list of Trump’s reciprocal tariffs​

By JONATHAN J. COOPER
Share
This is the full list of reciprocal tariffs that Trump announced:

  • China: 34%
  • European Union: 20%
  • South Korea: 25%
  • India: 26%
  • Vietnam: 46%
  • Taiwan: 32%
  • Japan: 24%
  • Thailand: 36%
  • Switzerland: 31%
  • Indonesia: 32%
  • Malaysia: 24%
  • Cambodia: 49%
  • United Kingdom: 10%
  • South Africa: 30%
  • Brazil: 10%
  • Bangladesh: 37%
  • Singapore: 10%
  • Israel: 17%
  • Philippines: 17%
  • Chile: 10%
  • Australia: 10%
  • Pakistan: 29%
  • Turkey: 10%
  • Sri Lanka: 44%
  • Colombia: 10%
Not to mention the hilarity of every single industry saying they must raise prices. This moment might be the dumbest moment in American history (so far!).
 
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