Slate Money Tariff Stockholm Syndrome
24 snips
May 10, 2025 The hosts dive into a significant trade framework between the UK and US, scrutinizing the persistence of baseline tariffs and their impacts on luxury car exports. Bill Gates plans to ramp up his philanthropic efforts while winding down his foundation, raising questions about billionaire philanthropy in light of changing global needs. They also address OpenAI's pivot back to a Public Benefit Corporation, spotlighting governance challenges in ethical AI development. Plus, a humorous look at online shopping mishaps adds a lighthearted touch.
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10% Tariff Baseline Normalized
- Trump's trade deal with the UK keeps a 10% baseline tariff universal and non-negotiable.
- This baseline reset risks normalizing tariffs, making future reductions politically difficult.
Tariffs Hit Small Importers Hard
- Tariffs generally hurt small businesses reliant on importing cheaply from China.
- Larger companies can absorb tariffs better, making it harder for small players to compete.
Gates Accelerates Philanthropy Pace
- Bill Gates accelerates philanthropy to counteract government foreign aid cuts.
- He plans to double his foundation's money and spend it faster, aiming to end operations by 2045.