China, Feeling the Pressure, Considers Tariff Cuts on Select U.S. Goods.

2 months ago 4

PULSE POINTS:

What Happened: The Chinese government is contemplating removing certain essential items from its retaliatory 125 percent tariffs on American products.

👥 Who’s Involved: The Chinese government’s commerce ministry officials and Michael Hart, president of the American Chamber of Commerce in China.

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📍 Where & When: The development was discussed in Beijing on Friday, April 25.

💬 Key Quote: “There are some companies who have said that if a long-term tariff war continued, their business model would not work in China and we would see them exit,” Michael Hart, president of the American Chamber of Commerce in China, stated.

⚠️ Impact: Trade tensions between China and the United States could potentially ease, leading to positive market reactions in Asia and Europe.

IN FULL:

The Chinese Communist Party (CCP) is re-evaluating its tariffs on American goods, with plans to possibly exempt certain critical imports. Concerns over supply chain interruptions caused by the increasing trade barriers between China and the U.S. appear to be the impetus for the CCP’s tariff walkback. Michael Hart, president of the American Chamber of Commerce in China, revealed the move during a speech at an event in Beijing on Friday, suggesting that the Chinese commerce ministry was communicating with the country’s manufacturers to determine what U.S. imports are indispensable and at risk from the tariff barriers.

“There are some companies who have said that if a long-term tariff war continued, their business model would not work in China and we would see them exit,” Hart said on Friday, adding: “We shared that with the Chinese government because they are of course trying to foster foreign direct investment.”

Earlier this month, Beijing announced it would cease accepting delivery of American-made Boeing airplanes and parts. While the move was ostensibly directed at harming the U.S.-based aerospace giant and American manufacturing, the move—backed by Chinese President Xi Jinping—will likely cause significant disruption to China’s domestic aviation industry and increase safety concerns as airlines are forced to turn to refurbished and aftermarket parts.

Among the critical sectors in China that could see tariff relief or outright exemptions are lifesaving pharmaceuticals and healthcare equipment. The Chinese healthcare system is already experiencing strain under the country’s 1.4 billion people, and a lack of access to critical medical devices and drugs could exacerbate problems.

The strategic reassessment arises in the context of heightened trade tensions, marked by the U.S.’s recent tariff increase on over half of China’s exports to the U.S., now at 145 percent. This ongoing trade spat presents substantial challenges to China’s surplus-style economy that crucially depends on export performance.

PULSE POINTS:

What Happened: A former New Mexico magistrate judge and his wife were arrested after allegedly harboring members of Venezuela’s violent Tren de Aragua criminal organization.

👥 Who’s Involved: Former Magistrate Judge Joel Cano, his wife Nancy Cano, and Venezuelan illegal immigrant and Tren de Aragua member Cristhian Ortega-Lopez.

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📍 Where & When: Las Cruces, New Mexico; arrests occurred late on Thursday, April 24.

💬 Key Quote: “Under President Trump, we have arrested over 150,000 aliens—including more than 600 members of the vicious Tren de Aragua gang,” Secretary of Homeland Security Secretary Kristi Noem wrote in a post on X (formerly Twitter) following the arrests, adding: “If you are here illegally and break the law, we will hunt you down, arrest you and lock you up. That’s a promise.”

⚠️ Impact: Both Canos are held without bond; Joel Cano has been barred from judicial office, and hearings are ongoing for the gang suspect.

IN FULL:

Former Magistrate Judge Joel Cano and his spouse, Nancy Cano, were taken into custody late Thursday in Las Cruces, New Mexico, and face charges related to allegations that the couple harbored illegal immigrant members of the violent Tren de Aragua gang. Joel Cano is being charged with evidence tampering, while his wife, Nancy, is being charged with conspiracy to tamper stemming from their relationship with a Venezuelan illegal immigrant and accused member of Tren de Aragua, Cristhian Ortega-Lopez.

Ortega-Lopez, detained by U.S. Immigration and Customs Enforcement (ICE) last week, is accused of possessing firearms illegally and having links to the dangerous Venezuelan criminal gang. Tren de Aragua, designated as a terrorist organization by U.S. President Donald J. Trump, is known for violent activities in Venezuela. He was found living on the Canos’ property, which triggered the law enforcement actions against the couple, including an extensive ICE raid and search on their home on Thursday.

“Under President Trump, we have arrested over 150,000 aliens—including more than 600 members of the vicious Tren de Aragua gang,” Secretary of Homeland Security Secretary Kristi Noem wrote in a post late Thursday on X (formerly Twitter) following the arrests, adding: “If you are here illegally and break the law, we will hunt you down, arrest you and lock you up. That’s a promise.”

Before his judgeship commenced in 2010, Joel Cano served for over two decades in the police force. However, Cano was forced to resign from the bench following ICE’s arrest of Ortega-Lopez during a search on February 28. Notably, Ortega-Lopez entered the U.S. at the infamous Eagle Pass, Texas border crossing in December of 2023 during the illegal immigration crisis under former President Joe Biden. The Biden government subsequently released the Venezuelan illegal immigrant and alleged Tren de Aragua member due to overcrowding at a detention center.

Ortega-Lopez’s online presence showed him and others with firearms in a shooting range. It is illegal in the United States for illegal immigrants to own or possess a firearm or ammunition unless the weapon is for immediate export. The Venezuelan illegal immigrant is slated for a court appearance on April 30, with federal prosecutors deeming him a flight risk.

The New Mexico Supreme Court has also permanently banned Joel Cano from holding judicial office. It remains uncertain if the Canos will face further charges related to harboring illegal immigrants or supporting a foreign terrorist organization (FTO).

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