Ian Hickson (2023, via Hacker News): I feel very lucky to have experienced the early post-IPO Google; unlike most companies, and contrary to the popular narrative, Googlers, from the junior engineer all the way to the C-suite, were genuinely good people who cared very much about doing the right thing. The oft-mocked “don’t be evil“ […]

President Trump, in a post on Truth Social, which is apparently how the world’s financial markets now run:

Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!

The entire stock market jumped on Trump’s announcement, with the S&P 500 up 8% as I type this. Apple is up 9%, Meta 13%, Nvidia 16%, and Tesla 19%. I’m not sure why though. All Trump seems to have done is switch from waging a trade war against the entire world to a trade war against China. And the 10% tariffs Trump now claims we’re applying to imports from the rest of world are themselves economic nonsense — they only look low compared to the nonsensical rates Trump announced a week ago. We’re at the whims of a mad king. Trying to report this as having any sort of logic in a traditional economic sense is folly. It’s like trying to make scientific sense out of the biblical fable of Noah’s Ark.

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Chance Miller, writing for 9to5Mac:

According to senior Indian officials cited in the report, Apple flew five planes full of iPhones and other products from India and China “in just three days during the final week of March.”

“Factories in India and China and other key locations had been shipping products to the US in anticipation of the higher tariffs,” one source to The Times of India said.

Apple currently assembles the entire iPhone 15 and iPhone 16 lineups in India as well as China. A 10% baseline tariff on all imports into the United States kicked in on Saturday. On April 9, the tariffs that Trump has falsely labeled as “reciprocal” will kick in. This will raise the tariff rate on imports from China to 54% and imports from India to 27%.

By stockpiling as much inventory as possible in the United States, Apple can delay the impact of the tariffs. It’s unclear just how much inventory Apple has on hand in the US right now, but if there’s one thing I know, it’s to never doubt Tim Cook’s supply chain prowess.

Chris McGee: Today we’re delighted to introduce the first stable release of swiftly, a Swift version manager that takes the pain out of installing, managing and updating your Swift toolchain.The latest version of Swift is bundled with Xcode for writing apps for Apple platforms. But perhaps you want to install Swift on a different platform […]