Welcome to the Tech meme right home for Monday, May 12th, 2025. I'm Brian McCullough today.

Looks like China tariffs are back off, question mark, but not soon enough for some deals.

Open AI and Microsoft are trying to work out how to get to an IPO. Saudi Arabia, the country,

makes a big AI play. Why you might want to take out AI insurance, and did the Pope choose his name because of the AI moment?

Here's what you miss today in the world of tech.

The U.S. and China have announced a deal to lower tariffs for the next 90 days, a sign of

easing tensions in this hottest part of the trade war. The U.S. will cut tariffs on Chinese

goods to 30% from 145%, which that's good. It's still 30%. That still cuts into margins and

could lead to noticeable price raises. And again, this is still

just for 90 days. Do we have to go through all this again in the summer, quoting the F.T.

China will reduce duties on U.S. imports to 10 percent from 125 percent. China said it would also

suspend or cancel non-tariff measures taken against the U.S. The agreement marks a step toward reaching a more permanent deal and the first sign of tension

easing between the two economic superpowers.

Tai Hui, A PAC chief market strategist at JPMorgan Asset Management, said the size of the

tariff cut was larger than expected.

This reflects both sides, recognizing the economic reality that

tariffs will hit global growth and negotiation is a better option, they said. The U.S. will cut the

additional tariffs imposed on Chinese goods during Trump's second term to 30 percent from 145

percent, while Chinese retaliatory duties on U.S. imports imposed since April 2nd will fall to 10

percent from 125 percent the two countries announced on Monday.S. imports imposed since April 2nd will fall to 10% from 125% the two

countries announced on Monday. The consultancy capital economics calculated that because of duties

that predated Trump's return to power this year, total U.S. tariffs on China will come down to

...