Ice Lounge Media

Ice Lounge Media

Trump imposes 10% tariff on all countries, reciprocal levies on trading partners

United States President Donald Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.

The reciprocal levies on will be approximately half of what trading partners charge for US imports, Trump said. For example, China currently has a tariff of 67% on US imports, so US reciprocal tariffs on Chinese goods will be 34%. Trump also announced a standard 25% tariff on all automobile imports.

Trump told the media that tariffs would return the country to economic prosperity seen in previous centuries:

“From 1789 to 1913, we were a tariff-backed nation. The United States was proportionately the wealthiest it has ever been. So wealthy, in fact, that in the 1880s, they established a commission to decide what they were going to do with the vast sums of money they were collecting.”

“Then, in 1913, for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying,” Trump said.

Economy, US Government, United States, Donald Trump

Full breakdown of reciprocal tariffs by country. Source: Cointelegraph

Trump presented the tariffs through the lens of economic protectionism and hinted at returning to the economic policies of the 19th century by using them to replace the income tax.

Related: Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

Trump proposes eliminating federal income tax and replacing it with tariff revenue

Trump proposed the idea of abolishing the Internal Revenue Service (IRS) and funding the federal government exclusively through trade tariffs while still on the campaign trail in October 2024.

According to accounting automation company Dancing Numbers, Trump’s plan could save each American taxpayer $134,809-$325,561 in taxes throughout their lives.

Economy, US Government, United States, Donald Trump

US President Donald Trump addresses the media about reciprocal trade tariffs at the April 2 press event. Source: Fox 4 Dallas

The higher range of the tax savings estimate will only occur if other wage-based taxes are eliminated at the state and municipal levels.

Commerce Secretary Howard Lutnick, who assumed office in February, also voiced support for replacing the IRS with the “External Revenue Service.”

Lutnick said that the US government cannot balance a budget yet consistently demands more from its citizens every year. Tariffs will also protect American workers and strengthen the US economy, he said.

Magazine: Elon Musk’s plan to run government on blockchain faces uphill battle

Read more
When OpenAI unveiled its o3 “reasoning” AI model in December, the company partnered with the creators of ARC-AGI, a benchmark designed to test highly capable AI, to showcase o3’s capabilities. Months later, the results have been revised, and they now look slightly less impressive than they did initially. Last week, the Arc Prize Foundation, which […]
Read more
Epic Games CEO Tim Sweeney, whose company makes Fortnite and tools for other developers, including Unreal Engine, called out Apple and Google as “gangster-style businesses” engaged in illegal practices while speaking at a Y Combinator event on Wednesday. The executive also emphasized how the big tech companies’ practices directly affected his own business by scaring […]
Read more

Rumors of the ongoing death of software development — that it’s being slain by AI — are greatly exaggerated. In reality, software development is at a fork in the road: embracing the (currently) far-off notion of fully automated software development or acknowledging the work of a software developer is much more than just writing lines of code.

The decision the industry makes could have significant long-term consequences. Increasing complacency around AI-generated code and a shift to what has been termed “vibe coding” — where code is generated through natural language prompts until the results seem to work — will lead to code that’s more error-strewn, more expensive to run and harder to change in the future. And, if the devaluation of software development skills continues, we may even lack a workforce with the skills and knowledge to fix things down the line. 

This means software developers are going to become more important to how the world builds and maintains software. Yes, there are many ways their practices will evolve thanks to AI coding assistance, but in a world of proliferating machine-generated code, developer judgment and experience will be vital.

The dangers of AI-generated code are already here

The risks of AI-generated code aren’t science fiction: they’re with us today. Research done by GitClear earlier this year indicates that with AI coding assistants (like GitHub Copilot) going mainstream, code churn — which GitClear defines as “changes that were either incomplete or erroneous when the author initially wrote, committed, and pushed them to the company’s git repo” — has significantly increased. GitClear also found there was a marked decrease in the number of lines of code that have been moved, a signal for refactored code (essentially the care and feeding to make it more effective).

In other words, from the time coding assistants were introduced there’s been a pronounced increase in lines of code without a commensurate increase in lines deleted, updated, or replaced. Simultaneously, there’s been a decrease in lines moved — indicating a lot of code has been written but not refactored. More code isn’t necessarily a good thing (sometimes quite the opposite); GitClear’s findings ultimately point to complacency and a lack of rigor about code quality.

Can AI be removed from software development?

However, AI doesn’t have to be removed from software development and delivery. On the contrary, there’s plenty to be excited about. As noted in the latest volume of the Technology Radar — Thoughtworks’ report on technologies and practices from work with hundreds of clients all over the world — the coding assistance space is full of opportunities. 

Specifically, the report noted tools like Cursor, Cline and Windsurf can enable software engineering agents. What this looks like in practice is an agent-like feature inside developer environments that developers can ask specific sets of coding tasks to be performed in the form of a natural language prompt. This enables the human/machine partnership.

That being said, to only focus on code generation is to miss the variety of ways AI can help software developers. For example, Thoughtworks has been interested in how generative AI can be used to understand legacy codebases, and we see a lot of promise in tools like Unblocked, which is an AI team assistant that helps teams do just that. In fact, Anthropic’s Claude Code helped us add support for new languages in an internal tool, CodeConcise. We use CodeConcise to understand legacy systems; and while our success was mixed, we do think there’s real promise here.

Tightening practices to better leverage AI

It’s important to remember much of the work developers do isn’t developing something new from scratch. A large proportion of their work is evolving and adapting existing (and sometimes legacy) software. Sprawling and janky code bases that have taken on technical debt are, unfortunately, the norm. Simply applying AI will likely make things worse, not better, especially with approaches like vibe.  

This is why developer judgment will become more critical than ever. In the latest edition of the Technology Radar report, AI-friendly code design is highlighted, based on our experience that AI coding assistants perform best with well-structured codebases. 

In practice, this requires many different things, including clear and expressive naming to ensure context is clearly communicated (essential for code maintenance), reducing duplicate code, and ensuring modularity and effective abstractions. Done together, these will all help make code more legible to AI systems.

Good coding practices are all too easy to overlook when productivity and effectiveness are measured purely in terms of output, and even though this was true before there was AI tooling, software development needs to focus on good coding first.

AI assistance demands greater human responsibility

Instagram co-founder Mike Krieger recently claimed that in three years software engineers won’t write any code: they will only review AI-created code. This might sound like a huge claim, but it’s important to remember that reviewing code has always been a major part of software development work. With this in mind, perhaps the evolution of software development won’t be as dramatic as some fear.

But there’s another argument: as AI becomes embedded in how we build software, software developers will take on more responsibility, not less. This is something we’ve discussed a lot at Thoughtworks: the job of verifying that an AI-built system is correct will fall to humans. Yes, verification itself might be AI-assisted, but it will be the role of the software developer to ensure confidence. 

In a world where trust is becoming highly valuable — as evidenced by the emergence of the chief trust officer — the work of software developers is even more critical to the infrastructure of global industry. It’s vital software development is valued: the impact of thoughtless automation and pure vibes could prove incredibly problematic (and costly) in the years to come.

This content was produced by Thoughtworks. It was not written by MIT Technology Review’s editorial staff.

Read more

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology.

How 3D printing could make better cooling systems

A new 3D-printed design could make an integral part of cooling systems like air conditioners or refrigerators smaller and more efficient, according to new research.

Heat exchangers are devices that whisk away heat, and they’re everywhere—used in data centers, ships, factories, and buildings. The aim is to pass as much heat as possible from one side of the device to the other. Most use one of a few standard designs that have historically been easiest and cheapest to make.

Energy demand for cooling buildings alone is set to double between now and 2050, and new designs could help efficiently meet the massive demand forecast for the coming decades. Read the full story.

—Casey Crownhart

MIT Technology Review Narrated: The quest to figure out farming on Mars

If we’re going to live on Mars we’ll need a way to grow food in its arid dirt. Researchers think they know a way.

This is our latest story to be turned into a MIT Technology Review Narrated podcast, which 
we’re publishing each week on Spotify and Apple Podcasts. Just navigate to MIT Technology Review Narrated on either platform, and follow us to get all our new content as it’s released.

The must-reads

I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 Thousands of US health agency workers have been laid off
Experts warn that patients will die preventable deaths as a result. (Wired $)
+ How will the US respond to the measles and bird flu outbreaks? (Reuters)  
+ US cuts could lead to serious delays in forecasting extreme weather. (Undark)
+ The wide-ranging cuts are also likely to lose America money. (The Atlantic $)

2 Donald Trump is set to discuss a proposal to save TikTok  
He’s due to meet with aides today to thrash out a new ownership structure. (NYT $)
+ Oracle and Blackstone are among the companies in talks to make an offer. (WSJ $)
+ The White House is playing the role of investment bank. (The Guardian)

3 X has asked the Supreme Court to exempt its users from law enforcement
It claims to be worried by broad, suspicionless requests. (FT $)

4 Things aren’t looking good for Mexico-based Chinese companies 
Trump’s tariff plans could imperil an awful lot of deals. (WSJ $)
+ The US Chips Act is another probable casualty. (Bloomberg $)

5 US lawmakers want to regulate AI companions
A proposed bill would allow users to sue if they suffer harm from their interactions with a companion bot. (WP $)
+ We need to prepare for ‘addictive intelligence.’ (MIT Technology Review)

6 Covid hasn’t gone away
And life for the covid-conscious is getting increasingly difficult. (The Atlantic $)

7 Brands are trying to game Reddit to show up in ChatGPT recommendations
Catering to AI search is a whole business model now. (The Information $)
+ Your most important customer may be AI. (MIT Technology Review)

8 Nothing could destroy the universe
Humans have long been obsessed with nothingness. (New Scientist $)

9 Would you flirt with a chatbot?
Tinder wants you to give it a go. (Bloomberg $)
+ The AI relationship revolution is already here. (MIT Technology Review)

10 Trading in your Tesla is TikTok’s favorite trend
Clips of Tesla owners ditching their cars are going viral. (Fast Company $)
+ This guy returned his Cybertruck out of fear his daughter would get bullied. (Insider $)
+ Sales of new Teslas are slumping too. (NYT $)

Quote of the day

“I’d get on in a heartbeat.”

—Butch Wilmore, one of the pair of astronauts who was stuck in space for nine months, explains how he’d be willing to fly on the beleaguered Starliner again, the Washington Post reports.

The big story

Bringing the lofty ideas of pure math down to earth

April 2023

—Pradeep Niroula

Mathematics has long been presented as a sanctuary from confusion and doubt, a place to go in search of answers. Perhaps part of the mystique comes from the fact that biographies of mathematicians often paint them as otherworldly savants.

As a graduate student in physics, I have seen the work that goes into conducting delicate experiments, but the daily grind of mathematical discovery is a ritual altogether foreign to me. And this feeling is only reinforced by popular books on math, which often take the tone of a pastor dispensing sermons to the faithful.

Luckily, there are ways to bring it back down to earth. Popular math books seek a fresher take on these old ideas, be it through baking recipes or hot-button political issues. My verdict: Why not? It’s worth a shot. Read the full story.

We can still have nice things

A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)

+ Why are cats the way they are? This database might help us find out.
+ John McFall could become the first disabled person in space.
+ ASMR at the V&A is just delightful.
+ Addicted to lip balm? You’re not the only one.

Read more

A new 3D-printed design could make an integral part of cooling systems like air conditioners or refrigerators smaller and more efficient, according to new research.  

Heat exchangers are devices that whisk away heat, and they’re everywhere—used in data centers, ships, factories, and buildings. The aim is to pass as much heat as possible from one side of the device to the other. Most use one of a few standard designs that have historically been easiest and cheapest to make. 

“Heat exchangers are at the center of the industrial economy. They’re an essential part of every machine and every system that moves energy,” says William King, a professor at the University of Illinois Urbana-Champaign and one of the authors of the new study. Existing designs tend to favor straight lines, right angles, and round tubes, he adds.  

King and his colleagues used 3D printing to design a heat exchanger that includes features to optimize heat movement, like wavy walls and pyramid-shaped bumps, which wouldn’t be possible to make using traditional manufacturing techniques.  

The team had set out to design a system based on a common refrigerant called R-134a, which is commonly used in devices like air conditioners and refrigerators. When cold water lowers the temperature of the refrigerant, it changes from a gas to a liquid on its path through the device. That liquid refrigerant can then go on to other parts of the cooling system, where it’s used to lower the temperature of anything from a room to a rack of servers. 

The best way to cool the refrigerant tends to involve building very thin walls between the two sides of the device and maximizing the amount of contact that the water and the refrigerant make with those walls. (Think about how much colder you’d get wearing a thin T-shirt and pants and lying down on ice than simply touching it with your gloved hands.)

To design the best possible heat exchanger, researchers used simulations and developed machine-learning models to help predict the performance of different designs under different conditions. After 36,000 simulations, the researchers landed on the one they decided to develop.

Among the key components: small fins that jut out on the side of the device that touches the water, increasing the surface area to maximize heat transfer. The team also designed wavy passageways for the water to pass through—once again helping to maximize surface area. Simulations helped the researchers figure out exactly how curvy the passages should be and where precisely to place the fins.

On the side of the devices where the refrigerant passes through, the design includes small pyramid-shaped bumps along the walls. These not only maximize the area for cooling but also help mix the refrigerant as it passes through and prevent liquid from coating the wall (which would slow down the heat transfer).

After settling on a design, the researchers used a 3D-printing technique called direct metal laser sintering, in which lasers melt and fuse together a metal powder (in this case, an aluminum alloy), layer by layer.

In testing, the researchers found that the heat exchanger created with this technique was able to cool down the refrigerant more efficiently than other designs. The new device was able to achieve a power density of over six megawatts per meter cubed—outperforming one common traditional design, the shell-tube configuration, by between 30% and 50% with the same pumping power. The device’s power density was similar to that of brazed plate heat exchangers, another common design in industry.  

Overall, this device doesn’t dramatically outperform the state-of-the-art technology, but the technique of using modeling and 3D printing to produce new heat exchanger designs is promising, says Dennis Nasuta, director of research and development at Optimized Thermal Systems, a consulting firm that works with companies in the HVAC industry on design and research. “It’s worth exploring, and I don’t think that we know yet where we can push it,” Nasuta says.

One challenge is that today, additive manufacturing techniques such as laser sintering are slow and expensive compared with traditional manufacturing; they wouldn’t be economical or feasible to rely on for all our consumer cooling devices, he says. For now, this type of approach could be most useful in niche applications like aerospace and high-end automotives, which could more likely bear the cost, he adds. 

This particular study was funded by the US Office of Naval Research. Next-generation ships have more electronics aboard than ever, and there’s a growing need for compact and efficient systems to deal with all that extra heat, says Nenad Miljkovic, one of the authors of the study. 

Energy demand for cooling buildings alone is set to double between now and 2050, and new designs could help efficiently meet the massive demand forecast for the coming decades. But challenges including manufacturing costs would need to be overcome to help innovations like the one designed by King and his team make a dent in real devices.

Another barrier to adopting these new techniques, Nasuta says, is that current standards don’t demand more efficiency. Other technologies already exist that could help make our devices more efficient, but they’re not used for the same reason. 

It will take time for new manufacturing techniques, including 3D printing, to trickle into our devices, Natsua adds: “This isn’t going to be in your AC next year.”

Read more
1 31 32 33 34 35 2,656