Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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California's state Assembly has passed the AI safety bill SB 1047, which mandates companies to ensure their AI technologies do not cause significant harm. The bill, which received 41 votes in favor and nine against, now heads back to the state Senate for confirmation before reaching Governor Gavin Newsom's desk.
Key Provisions and Controversies:
AI Safety Requirements: The bill requires companies developing powerful AI models to take "reasonable care" to prevent "severe harm," such as mass casualties or property damage over US$500 million. It mandates measures like implementing a kill switch and submitting models to third-party testing.
Mixed Reactions: The bill has sparked debate, with some tech leaders and companies like OpenAI opposing it, arguing it represents government overreach and could stifle innovation. However, others, including Elon Musk and AI firm Anthropic, have shown cautious support, acknowledging the need for safety measures.
State vs. Federal Regulation: Critics argue that such regulations should be implemented at the federal level, fearing that state-specific laws could hinder California's leadership in AI innovation. Supporters, however, believe California must take the lead in the absence of federal action, with the bill focusing on larger companies and exempting smaller startups.
The outcome of SB 1047 now hinges on further amendments and the decision of Governor Newsom, with significant lobbying efforts from both supporters and opponents of the bill.
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