Smartphones, computer monitors, semiconductors, and various other electronics will be exempt from U.S. President Trump's tariffs, reports CNN, "according to a US Customs and Border Protection notice posted late Friday." And several other products also received an exemption which "applies to products entering the United States or removed from warehouses as early as April 5, according to the notice." Roughly 90% of Apple's iPhone production and assembly is based in China, according to Wedbush Securities' estimates. Counterpoint Research, a firm that monitors global smartphone shipments, estimated Apple has up to six weeks of inventory in the United States. Once that supply runs out, prices would have been expected to go up... Semiconductors and microchips are among the products heavily outsourced to factories in Asia due to lower costs. Those electronic parts are now exempt, according to the Friday notice. That could help Asian chipmakers, such as Taiwan Semiconductor Manufacturing Company (TSMC), South Korea's Samsung and SK Hynix. The exemptions also include solar cells, memory cards, and computers, according to the BBC. "It was not clear whether technology imports from China would still be hit by a 20% tariff that was not part of the reciprocal tariffs announced on 2 April..." Thanks to Slashdot readers Alain Williams and Mr. Dollar Ton for sharing the news.

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A former Facebook employee/whistleblower alleges Meta's AI model Lllama was used to help DeepSeek. The whistleblower — former Facebook director of global policy Sarah Wynn-Williams — testified before U.S. Senators on Wednesday. CBS News found this earlier response from Meta: In a statement last year on Llama, Meta spokesperson Andy Stone wrote, "The alleged role of a single and outdated version of an American open-source model is irrelevant when we know China is already investing over 1T to surpass the US technologically, and Chinese tech companies are releasing their own open AI models as fast, or faster, than US ones." Wynn-Williams encouraged senators to continue investigating Meta's role in the development of artificial intelligence in China, as they continue their probe into the social media company founded by Zuckerberg. "The greatest trick Mark Zuckerberg ever pulled was wrapping the American flag around himself and calling himself a patriot and saying he didn't offer services in China, while he spent the last decade building an $18 billion business there," she said. The testimony also left some of the lawmakers skeptical of Zuckerberg's commitment to free speech after the whistleblower also alleged Facebook worked "hand in glove" with the Chinese government to censor its platforms: In her almost seven years with the company, Wynn-Williams told the panel she witnessed the company provide "custom built censorship tools" for the Chinese Communist Party. She said a Chinese dissident living in the United States was removed from Facebook in 2017 after pressure from Chinese officials. Facebook said at the time it took action against the regime critic, Guo Wengui, for sharing someone else's personal information. Wynn-Williams described the use of a "virality counter" that flagged posts with over 10,000 views for review by a "chief editor," which Democratic Sen. Richard Blumenthal of Connecticut called "an Orwellian censor." These "virality counters" were used not only in Mainland China, but also in Hong Kong and Taiwan, according to Wynn-Williams's testimony. Wynn-Williams also told senators Chinese officials could "potentially access" the data of American users.

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Abstract of a paper on NBER: There is much disagreement about the extent to which financial incentives motivate study participants. We elicit preferences for being paid for completing a survey, including a one-in-twenty chance of winning a $100 electronic gift card, a guaranteed electronic gift card with the same expected value, and an option to refuse payment. More than twice as many participants chose the lottery as chose the guaranteed payment. Given that most people are risk averse, this pattern suggests that factors beyond risk preferences -- such as hassle costs -- influenced their decision-making. Almost 20 percent of participants actively refused payment, demonstrating low monetary motivation. We find both systematic and unobserved heterogeneity in the characteristics of who turned down payment. The propensity to refuse payment is more than four times as large among individuals 50 and older compared to younger individuals, suggesting a tradeoff between financially motivating participants and obtaining a representative sample. Overall, our results suggest that modest electronic gift card payments violate key requirements of Vernon Smith's induced value theory.

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