Another activist judge has blocked the Trump administration from carrying out its mandate – this time, regarding a plan to lift protections from deportation for more than 600,000 Venezuelans.

In his order to temporarily pause DHS Secretary Kristi Noem’s plan, California-based US District Judge Edward Chen, an Obama appointee, said the move “smacks of racism.”

According to Chen’s 78-page order, the government did not follow proper procedures for stripping Temporary Protected Status (TPS) from potential deportees.

“As discussed in other parts of this order, the Secretary’s rationale is entirely lacking in evidentiary support. For example, there is no evidence that Venezuelan TPS holders are members of the [Tren de Aragua]  gang, have connections to the gang, and/or commit crimes,” wrote Chen, adding that “Venezuelan TPS holders have lower rates of criminality than the general population and have higher education rates than the broader U.S. population.

“Generalization of criminality to the Venezuelan TPS population as a whole is baseless and smacks of racism predicated on generalized false stereotypes.”

Homan Hits Back

In response to the block, Trump border czar Tom Homan called it “Another activist judge making a stupid ruling,” adding “I’ve been around since 1984 — and ‘temporary protected status’ is never temporary.”

“If you look at that decision, it’s based on opinion, not the rule of law.”

🚨Tom Homan sounds off on judge blocking Trump’s effort to end TPS for Venezuelan illegals:

“Another activist judge making a stupid ruling.”

“I’ve been around since 1984 — and ‘temporary protected status’ is never temporary.”

“If you look at that decision, it’s based on… pic.twitter.com/fymufGw3HO

— Western Lensman (@WesternLensman) April 1, 2025

h/t Western Lensman

Is this even legal?

This is insane.

An appeals court has already ruled this is not subject to judicial review, but a lower-court judge just ignored that, ruling anyway based on his feelings about “public safety” while demanding the administration meet a bar not legally required. pic.twitter.com/cATeMPXSfv

— Bonchie (@bonchieredstate) April 1, 2025

As the Epoch Times notes further, TPS is a designation that allows individuals from countries affected by armed conflict, natural disasters, or other extraordinary events the ability to remain in the United States.

In 2021, the Biden administration granted TPS to Venezuelans, citing a “severe humanitarian emergency” caused by political and economic crisis under the South American nation’s leader, Nicolas Maduro. The TPS designation was initially set for 18 months but was later extended until October 2026.

According to the court ruling, about 600,000 Venezuelan immigrants have been granted TPS since the 2021 designation.

Noem said in February that the new Trump administration would revoke the legal status of 350,000 immigrants, while the remaining set to lose their protections in September. The DHS secretary stated that Venezuela no longer meets the conditions for the designation, citing “notable improvements” in the country’s economy, public health, and crime.

*  *  *

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Jose Palma, coordinator of the National TPS Alliance, called the ruling “a legal win” and “a testament to the strength” of the TPS community. “We will continue this fight with unwavering resolve, not only to protect the future of 350,000 Venezuelans, but to defend all TPS Holders in this Country,” Palma said in a statement.

The Epoch Times has reached out to the Department of Homeland Security for comment and did not receive a response by publication time.

The National TPS Alliance, a member-led organization of TPS holders, filed the lawsuit in March, alleging that Noem does not have the authority to revoke TPS granted to immigrants and that her actions were driven by racism.

The move to end TPS for Venezuelan immigrants was part of President Donald Trump’s broader campaign to ramp up border security and crack down on immigration and humanitarian programs he says go beyond the intent of U.S. law. 

DHS also planned to revoke the temporary legal status of more than 530,000 immigrants who entered the United States under the Biden administration’s humanitarian parole program, known as the CHNV program.

This program allowed entry of people from Cuba, Haiti, Nicaragua, and Venezuela if they meet certain requirements, including having U.S. sponsors. Noem said in a March notice that such parole programs “do not serve a significant public benefit” and are not effective in reducing the levels of illegal immigration in the United States.

She stated that the CHNV program should be terminated because it was not serving the intended purposes and is not aligned with the Trump administration’s foreign policy goals.

Authored by Christopher Tepedino via CoinTelegraph.com,

The US dollar could lose its status as the world’s reserve currency to Bitcoin or other digital assets if the United States does not get its debt under control, according to BlackRock CEO Larry Fink.

Fink wrote in his Annual Chairman’s Letter to Investors that “decentralized finance is an extraordinary innovation” that makes “markets faster, cheaper, and more transparent.”

“To be clear, I’m obviously not anti-digital assets (far from it),” Fink states, but “that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”

“The U.S. has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever.

…

If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.”

According to Trading Economics, the US debt equaled 122.3% of the country’s gross domestic product in 2023. That is a considerably higher percentage than the 105% observed in 2018. Moody’s Ratings retains the US’s AAA credit rating but has downgraded its outlook to negative, indicating a possible future rating downgrade.

The US’s Joint Economic Committee wrote that as of March 5, the country’s gross national debt was $36.2 trillion, growing $1.8 trillion, or roughly $4.9 billion per day, over the past year and $12.8 trillion in the past five years. The Bipartisan Policy Center warned this month that the US could default on its debt as early as July 2025.

Bitcoin has been branded as a safe haven for investors who are looking to avoid the perils of fiat currency, including inflation. Some believe that the end of the debt ceiling suspension could lead to a Bitcoin price boom. Others think, as Fink has stated, that the dangers of the national debt could increase Bitcoin adoption.

In 2025, cryptocurrency has gained prominence as an asset class due to adoption by countries such as the US and companies like Strategy. However, some argue that stablecoins could, in fact, increase the dominance of the US dollar.

Fink: Tokenization is democratization

In the letter, Fink says that “tokenization is democratization” with the technological innovation “enabling instant buying, selling, and transferring without cumbersome paperwork or waiting periods.”

If every asset ends up being tokenized, Fink said, “it will revolutionize investing. Markets wouldn’t need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth.”

What exactly is tokenization? 

It’s turning real-world assets – stocks, bonds, real estate – into digital tokens tradable online. Each token certifies your ownership of a specific asset, much like a digital deed. Unlike traditional paper certificates, these tokens live securely on a blockchain, enabling instant buying, selling, and transferring without cumbersome paperwork or waiting periods.

Tokenization democratizes access, shareholder voting, and yield, Fink wrote.

It can democratize access. Tokenization allows for fractional ownership. That means assets could be sliced into infinitely small pieces. This lowers one of the barriers to investing in valuable, previously inaccessible assets like private real estate and private equity.

It can democratize shareholder voting. When you own a stock, you have a right to vote on the company’s shareholder proposals. Tokenization makes that easier because your ownership and voting rights are digitally tracked, allowing you to vote seamlessly and securely from anywhere.

It can democratize yield. Some investments produce much higher returns than others, but only big investors can get into them. One reason? Friction. Legal, operational, bureaucratic. Tokenization strips that away, allowing more people access to potentially higher returns.

According to RWA.xyz, the tokenized real-world assets market amounts to $19.6 billion. There are currently around 93,000 asset holders, with 174 issuers. Industry projections indicate that the market could reach $4 trillion to $30 trillion by 2030.

BlackRock’s own BUIDL real-world tokenized asset fund is currently the largest such fund available for trading, with Tether Gold and Franklin Templeton’s BENJI funds coming in second and third place, respectively.

One day after Elon Musk and Antonio Gracias—founder and CEO of the Chicago-based investment firm Valor Equity Partners, and now a DOGE official—unveiled a “mind-blowing” chart showing a surge in Social Security numbers issued to illegal aliens over the Biden-Harris administration’s first term during an America PAC town hall in Wisconsin on Sunday, Musk’s America PAC hosted an online tele-town hall with Wisconsin voters on Monday night, where he provided more color on the SSN fraud. 

During the tele-town hall, one Wisconsin voter asked Musk: “You found a lot of fraud in Social Security. Do you know whether the Attorney General will investigate and prosecute that fraud?”

Musk responded: “I believe someone is going to be arrested tomorrow, because there’s someone who actually stole 400,000 Social Security numbers and personal information from the Social Security database… And was selling Social Security numbers and all the identification information in order for people to basically steal money from Social Security.“

“This is a particular avenue of fraud for illegal immigrants and voter fraud – because the main way identification is established in the US is via Social Security. If you comprise the Social Security system, you can basically get people to get defacto registered to vote – even if they’re not citizens – and get a bunch of benefits and to milk the system – this is pretty insane,” Musk said. 

Elon Musk: “I believe someone is going to be arrested tomorrow, because there’s someone who actually stole 400,000 Social Security numbers and personal information from the Social Security database… And was selling Social Security numbers and all the identification information… pic.twitter.com/cq2kyAVtTL

— America (@america) April 1, 2025

On Sunday, Musk and Gracias showed the audience of a town hall a chart titled “New Non-Citizen Social Security Numbers Issued” … 

Then again, Democrats are against DOGE’s efforts to find waste and fraud at Social Security. Wonder why?

American citizens deserve full transparency, accountability, and swift reforms to ensure this kind of fraud is never repeated and used to game elections and drain resources of citizens by illegals. 

Also, handing out stolen SNNs is a national security threat and can end up in the hands of bad actors, such as members of transnational gangs or terrorist networks.

*  *  *

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China on Tuesday launched major combined forces exercises around Taiwan as a “stern warning” in the wake of US Defense Secretary Pete Hegseth’s pledge to counter “China’s aggression” on his first visit to Asia, as well as alleged recent ‘separatist’ statements by Taiwan President Lai Ching-te.

The People’s Liberation Army (PLA) army, navy, air force and rocket force are involved in the drills, which seek to “close in” on the self-ruled island  from “multiple directions” and practice maneuvers including “assault on maritime and ground targets” and “blockade on key areas and sea lanes.”

“It is a stern warning and forceful deterrence against ‘Taiwan Independence’ separatist forces, and it is a legitimate and necessary action to safeguard China’s sovereignty and national unity,” a PLA Eastern Theater Command statement said.

At least 20 Chinese warships and 50 jets were involved in the drills, the biggest in many months – and since early last year – to which Taiwan’s military responded by dispatching its own aircraft and ships, and land-based missile systems on coastal areas.

Taiwan’s Ministry of National Defense listed out the following Chinese military weaponry which was moved near Taiwan by early afternoon:

• 71 sorties by military aircraft and drones
• 21 navy ships ranged around the island
• Shandong aircraft spotted about 220 nautical miles east of Taiwan

The Eastern Theatre Command simultaneous to all of this issued a brief video calling Lai a “parasite” in English, also depicting him as a green bug dangled by chopsticks over a burning Taiwan.

Video #3 features an animation of Taiwanese president Lai as a “parasite poisoning Taiwan island,” “parasite hollowing Island out,” (with Lai throwing his opponents in jail and grabbing money), and finally “parasite courting ultimate destruction,” with Lai being “burned” by PLA… pic.twitter.com/HwPNVqAUDH

— Lyle Morris (@LyleJMorris) April 1, 2025

According to the NY Times:

Ms. Zhu singled out a speech by Mr. Lai on March 13 in which he described China as a “foreign hostile force” and laid out 17 measures that Mr. Lai said would combat deepening Chinese subversion and spying in Taiwan.

Those included restoring military tribunals for cases against military personnel who spy and strengthening oversight of cultural, political and religious exchanges with China. Beijing says that Taiwan is its territory, and that it will eventually absorb the island, by force if Chinese leaders deem that necessary.

Taiwan officials have blasted the drills as “reckless” and “irresponsible”. Taiwan’s military subsequently elevated its readiness level to ensure China does not “turn drills into combat” and “launch a sudden attack on us.”

During the kick-off to Hegseth’s Asia visit, he hailed Japan in Sunday remarks as an “indispensable partner” in deterring Chinese aggression in the region. He further unveiled an upgrade in the US military command in Japan to a new “war-fighting headquarters”.

China’s Foreign Ministry in turn on Monday slammed the US’ use of “China threat” rhetoric which is bent on provoking confrontation, but which will end in regional countries being used as “cannon fodder” for US hegemony.

Taiwan’s Presidential Office posted on X that “China’s blatant military provocations not only threaten peace in the Taiwan Strait but also undermine security in the entire region, as evidenced by drills near Australia, New Zealand, Japan, Korea, the Philippines & the SCS. We strongly condemn China’s escalatory behavior.”

While hard data continues to improve, ‘soft’ data hit a new six-month low yesterday as more regional Fed surveys signaled trouble ahead (because of tariffs)…

Source: Bloomberg

And so all eyes are on the premier ‘soft’ data today as Manufacturing PMIs drop their final print for March.

The S&P Global Manufacturing PMI improved intra-month, rising from a  flash print of 49.8 (contraction) to a final print of 50.2 (expansion), but that was still well down from February’s 52.7.

The ISM Manufacturing PMI weakened notably from 50.3 to 49.0 (below the 49.5 expectation) – the lowest since November.

Source: Bloomberg

Under the hood it was even more messy…

…with Prices Paid soaring to its highest since June 2022 and New Orders & Employment tumbling…

Source: Bloomberg

Inventories surged as manufacturers front-run the ‘Liberation Day’ headlines…

As Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, notes:

“The strong start to the year for US manufacturers has faltered in March. A combination of improved optimism surrounding the new administration and the need to front-run tariffs had buoyed the goods-producing sector in the first two months of the year, but cracks are now starting to appear. Production fell for the first time in three months in March, and order books are becoming increasingly depleted.

Trump-based optimism is fading?

“While business confidence about the outlook remains relatively elevated by standards seen over the past three years, this is based on companies hoping that the nearterm disruption caused by tariffs and other policies will be superseded as longer-term benefits from the policies of the new administration accrue. However, March has seen more producers question this belief. Business optimism about the year ahead has deteriorated further from January’s near threeyear high, and has dropped sharply over the past two months, causing firms to stop raising payroll counts for the first time since October. 

And of course, it’s all about tariff terror…

“A key concern among manufacturers is the degree to which heightened uncertainty resulting from government policy changes, notably in relation to tariffs, causes customers to cancel or delay spending, and the extent to which costs are rising and supply chains deteriorating in this environment. 

Tariffs were the most cited cause of factory input costs rising in March, and at a rate not seen since mid-2022 during the pandemic-related supply shock. Supply chains are also suffering to a degree not seen since October 2022 as delivery delays become more widespread. 

“Data in the coming months will provide important insights into how the inflationary aspects of policies such as tariffs balance out against any benefits to US producers.”

So, both Services PMIs are in expansion (above 50) and Manufacturing is mixed (50.2 vs 49.0) – take your pick on ‘recession’ talk.

It was only on Sunday that President Trump declared he’s “very angry” at Russian President Putin, statements which featured the threat of secondary tariffs on Moscow, but now the US leader is already dialing back this criticism, Bloomberg observes.

Instead he’s once again focused his ire on Ukrainian President Volodymyr Zelensky, warning of “big problems” if he doesn’t sign the controversial minerals agreement and tries to renegotiate. 

“I see he’s trying to back out of the rare earth deal. And if he does that, he’s got some problems. Big, big problems,” Trump earlier told reporters aboard Air Force One. “We made a deal on rare earth and now he’s saying, ‘well, you know, I want to renegotiate the deal.’”

“He wants to be a member of NATO. Well, he was never going to be a member of NATO. He understands that. So if he’s looking to renegotiate the deal, he’s got big problems,” Trump said.

Zelensky has signaled that Ukraine is positive about the deal but has complained that its conditions are “constantly changing”.

Trump has still kept up some pressure on Putin, however, saying Monday of the Russian leader, “I want to make sure that he follows through, and I think he will.” He continued in Monday remarks from the Oval, “I don’t want to go secondary tariffs on his oil, but I think, you know, something I would do if I thought he wasn’t doing the job.”

All of the weekend criticisms of Putin appeared to arise from the Russian president’s comments late last week declaring that Zelensky’s ‘illegitimacy’ could be fixed by a UN transition process guiding Ukraine to new elections. Only then would Moscow negotiate an end the war, Putin stipulated.

“He’s supposed to be making a deal with him, whether you like him or don’t like him,” Trump told reporters Sunday, referring to Putin. “So I wasn’t happy with that. But I think he’s going to be good.”

But again, he reserved blunter criticism for US ally Zelensky: “I heard that they’re now saying, well, I’ll only do that deal if we get into NATO or something to that effect,” Trump had said.

Bloomberg has concluded the following of this latest back-and-forth:

The result is a geopolitical whiplash on the eve of Trump’s global tariff announcement on April 2 and shows US impatience with the process of securing a temporary truce between Russia and Ukraine more than three years after Putin’s invasion of its neighbor. 

Trump had vowed he would end the war within 24 hours of taking office but has found Russia to be a tough negotiator and able to wrest concessions from the US by exploiting Trump’s desire to get a deal done quickly. On Sunday, Trump told NBC he was “pissed off” at Putin. 

Of course, this is also due to Russian forces rolling up several villages and towns on the battlefield in Ukraine’s east and south just this week alone. Putin has less incentive for a hasty deal, and is in the driver’s seat – but surely the White House knows this, which is perhaps why the pressure is ramping up on Zelensky once again.

As for the apparently ever-changing draft minerals deal, Ukraine and its supporters have continued to charge that it’s tantamount to a big resource grab by Washington.

Ukraine received its latest version of a new draft of the text on Friday, its foreign ministry stated. CNN writes that “The new proposal for a natural resources agreement, of which CNN has obtained a copy, was put forward by the US Treasury Department and goes well beyond the initial draft, particularly on future US rights and reimbursement for past assistance.”

Some independent geopolitical observes have said the deal effectively imposes ‘indentured servitude’ on Ukraine. “This ‘deal’ is pure extortion and robbery. It would bind Ukraine indefinitely. It would also discourage any investment in any natural deposits in Ukraine. There is no chance that any such deal will be ratified by the Ukrainian parliament,” Moon of Alabama writes.

The source then questions, “one wonders then: Why does the Trump administration even bother?“

By Michael Every of Rabobank

April Fools

Spot the April Fools’ Day jokes among the following recent headlines:

The Daily Mail says Trump could technically be President for a further two terms using a loophole Eisenhower considered, running as Vice President to a presidential candidate who resigns after they are sworn into office: then Trump alluded to that possibility.

The Financial Times’ chief foreign affairs commentator Gideon Rachman therefore recommends Americans “embrace and push forward” AOC and Bernie Saunders as a defence against a slide into authoritarianism, a-la “Russia, Turkey, and India.”

The Washington Post says a Department of Defence memo declares China the strategic focus, along with preventing the capture of Taiwan: Russia, Iran, North Korea, and terrorism are all secondary. Further, the US must now guarantee control over the Panama Canal and ensure a military presence in the “near abroad” –a Russian term– of Greenland and Panama, the former of which Trump refuses to rule out the use of military force to obtain.

Worse, the memo says the US cannot fight on two fronts, so Europe must fight Russia itself. That’s as Moscow signed up another 160,000 conscripts, saying they won’t be sent to Ukraine, and Europe only did the latter; and Germany’s intel service reports Russia is most likely preparing for a “large-scale conventional war” with NATO by the end of the decade.

British Steel shut down its Scunthorpe plant after 150 years just as the UK aims to rearm. The government says it had “productive negotiations” with the US on an “economic prosperity deal” –not “co-prosperity”?– as reports say London will buy F-35 fighter jets rather than Eurofighters; yet the UK was also just told “no free trade without free speech” by the US.

Finland’s President dropped in to play golf at Mar-a-Lago and emerged with a deal, Trump saying: “President Stubb and I look forward to strengthening the partnership between the US and Finland. That includes the purchase and development of a large number of badly needed icebreakers for the US.”

Then again, the leading 2027 French presidential candidate, the National Rally’s Le Pen, has just been banned from running for office for five years and sentenced to four years for embezzlement. The same accusation had already circled the French Prime Minister, who wasn’t charged, and Le Pen called it a political attack and appealed, as populists, including Trump, rally round her. Moreover, El Pais reports the EU is considering using their Anti-Coercion Instrument on the US as a response to tariffs, which would be economically escalatory – and geopolitically naïve.

Slovakia’s populist Prime Minister Fico claims European Commission President Von der Leyen called him “a complete idiot” for half an hour in a phone call over his attempt to negotiate lower tariffs with the US directly.

Trump is “p***ed off” at Russia’s Putin and may put 25-50% secondary tariffs on Russian oil if he doesn’t play ball on Ukraine peace, as with/double Venezuela. The implications for the oil market are enormous – Brent is just shy of $75, which is surely not what ‘no Russian oil’ implies(?)

An IDF source says a clash with Iran is “inevitable”, and some muse on the same vis Israel-Turkey. Iran’s president rejected direct negotiations with the US, to which Trump replied: “If they don’t make a deal, there will be bombing – and it will be bombing the likes of which they have never seen before.” Iran then warned it will strike the Diego Garcia base if the US uses it to attack it –quite the logistical feat!- as a new airstrip appeared next to the Bab-el-Mandeb maritime chokepoint – a likely UAE contribution.

Trump’s first foreign visit as president will, again, be to Saudi in May, showing big changes may loom. That’s as Israel steels its border with Jordan and, with the unconditional backing of the US, demanded Egypt dismantle its growing military presence in the Sinai Peninsula. Moreover, as Israel’s PM Netanyahu was called out of one of his now-regular court corruption trial sessions for a police interview after two of his aides were arrested for receiving funds from Qatar.

US Secretary of Defence Hegseth just ramped up arms and promises to the Philippines and Japan, and claimed the latter shares a “warrior ethos”. Then China, Japan, and South Korea pledged deepened regional trade relations and, said Chinese media, a joint response to US tariffs, as well as an attempt to denuclearise North Korea.

China passed a law saying if it’s sanctioned by another state, it can legally expropriate that country’s firms’ IP or assets, just as it stressed how open to global businesses it is again.

Canada’s caretaker PM Carney proposed pivoting from “because markets” on housing to post-WW2 state interventionism. There’s a lot of that about, and markets clearly don’t like it.

The EU is reportedly exploring a weaker 2040 climate goal, keeping a 90% emissions-cutting target but changing how countries calculate their progress – either less now, more later; or letting other countries do it for them and buying carbon credits.

The US Trade Representative released a 397-page report detailing other economies’ non-tariff barriers ahead of tomorrow’s ‘Liberation Day’, which cover just about everything imaginable. That’s as The Wall Street Journal says, ‘The Era of Cheap Stuff Was Already Ending. Now Comes the Tariff Threat,’ and Bloomberg adds Trump tariffs “pose a generational challenge to Asian economies built around exports to the US and low trade barriers.”

Yet an FT op-ed yesterday argued ‘Globalisation will triumph over Donald Trump’, quoting those saying even if the US stops buying everything from everyone, within a year, 70 of its trading partners would have redirected all their exports to others, and within five years, 115 would have. To whom? Priced and cleared in which currency? And, if so, why are worrying about tariffs at all?

The market continues to ponder ‘dedollarisation’: in which case nobody is net exporting to the US or has future access to enough dollars to repay their outstanding Eurodollar debts, let alone import bills priced in it, so the global financial system crumbles – and I don’t mean a ‘correction’.

As @balajis puts it: “No reindustrialisation without dedollarisation. But dedollarisation means imperial collapse. On the other hand, so does deindustrialisation! This is the fundamental paradox.”  It has been for some time if you looked at the world with the right lenses, and they also show everything is now about US Grand Macro Strategy, not macrostrategy, to try to square the above circle by whatever means necessary: if lines on maps can move, so will lines on screens.

As two Fed speakers (Williams and Barkin) just said they don’t know where monetary policy needs to be ahead, and that the risk is of higher inflation ahead from tariffs despite matching uncertainty, @daniel_mcdowell puts it: “We’re living through a natural experiment. Can economic and monetary orders built atop particular political orders survive when the latter are dismantled? Markets may very well be grossly underestimating the kind of economic changes heading our way if we continue on this course.”

So, how many April Fools were there today? None. Unless you aren’t looking at any of the above news – then there’s at least one.

Shares of Chinese electric vehicle manufacturer Xiaomi tumbled in Hong Kong trading on Tuesday following a deadly crash involving one of its SU7 sedans, which claimed three lives on Saturday. The accident has intensified scrutiny over the safety of advanced driving systems, as data from the vehicle has been turned over to local authorities for investigation.

HK shares of Xiaomi closed down 5.5% and have since tumbled into a bear market since peaking in mid-March. Downward pressure began when it raised about $5.5 billion in an equity sale last week to fund EV expansion. 

“Investors might have concerns over Xiaomi’s competitiveness and growth outlook after reports of the car accident,” Shen Meng, director at Beijing-based investment bank Chanson & Co., said, adding that the completion of the share sale has “also weighed on sentiment.”

The accident is the first major one involving the SU7 sedan, which Xiaomi launched in late 1Q24 and has outsold Tesla’s Model 3 monthly since December. 

On Xiaomi’s Weibo account, the company stated it was “deeply saddened” by the accident and said the “vehicle was in the NOA intelligent assisted driving state before the accident.” 

Here are more details about the accident from Xiaomi:

At 22:44 on March 29, 2025, a Xiaomi SU7 standard version encountered a serious traffic accident while driving on the Chiqi section of the Deshang Expressway. We are deeply saddened by this.

According to preliminary information, the vehicle was in the NOA intelligent assisted driving state before the accident and continued to travel at a speed of 116km/h. Due to construction and repairs on the section where the accident occurred, the self-lane was closed with roadblocks and diverted to the reverse lane. After the vehicle detected the obstacle, it issued a reminder and began to slow down. The driver then took over the vehicle and entered the human driving state, continued to slow down and control the vehicle to turn, and then the vehicle collided with the cement pile of the isolation belt. The last speed that the system could confirm before the collision was about 97km/h.

After the collision, we immediately contacted the owner to understand that it was not the owner who was driving. At the same time, emergency rescue called the passengers on the car, called the police, and called 120 emergency services.

After that, the police arrived at the scene immediately and fully intervened in the investigation of the accident. At the same time, we immediately set up a special team and rushed to Tongling on the 30th. Under the guidance of the police, we actively cooperated with the investigation, evidence collection and other work, and submitted the vehicle driving data and system operation information we had to the police in accordance with the law on the evening of the 31st. We will continue to fully cooperate with the police and strictly follow the results of the investigation to ensure that the handling of the incident is open and transparent.

At the same time, our special team will also contact the families of the accident victims with the permission and guidance of the police, fully assist in the aftermath, and provide support and help.

We are summarizing the information we know so far and have submitted to the police as follows:

• March 29, 22:27:17 NOA activated, vehicle speed 116km/h

• March 29, 22:28:17 Mild distraction alarm March 29, 22:36:48 NOA issued a hands-off warning prompt “Please hold the steering wheel”

• March 29, 22:44:24 NOA issued a risk warning “Please note that there are obstacles ahead”, issued a deceleration request, and began to decelerate

• March 29, 22:44:25 NOA was taken over and entered human driving state, the steering wheel turned 22.0625 degrees to the left, and the brake pedal was opened 31%

• March 29, 22:44:26 The steering wheel turned 1.0625 degrees to the right, and the brake pedal was opened 38%.

• Between 22:44:26 and 28 on March 29, the vehicle collided with the concrete guardrail on

• March 29, 22:44:28 Ecall triggered on the vehicle side.

• 22:44:39 on March 29. Ecall connected on the vehicle side, confirming the accident, calling the police and 120 emergency services.

• 22:45:06 on March 29. Contacted the owner and confirmed that the driver was not the owner.

• 22:47:15 on March 29. 120 was dispatched successfully.

• 120 arrived at the scene at about 23:00 on March 29.

Here is an alleged video of the accident scene on the Dezhou-Shangrao Expressway in Tongling in southern Anhui Province, eastern China. 

Mar 29: three young women — reportedly university students — were killed in a blaze that broke out after the Xiaomi SU7 they’re travelling in crashed into the divider on Dezhou-Shangrao Expressway (德上高速; Deshang Expressway for short) in Tongling (铜陵), Anhui province in the… pic.twitter.com/xjKnn3HMBm

— Byron Wan (@Byron_Wan) April 1, 2025

Last month, Xiaomi raised its 2025 sales target to 350,000 units. Whether the fatal crash last weekend will dampen confidence and affect sales moving forward remains uncertain. 

Pissed off Canadians are skipping trips to the United States over President Donald Trump’s trade policies and ‘disrespect’ – after Trump’s repeated calls to annex the northern neighbor as America’s 51st state, CNBC reports.

When reached by the outlet for comment, a White House spokesperson said that “everybody wants to come to President Trump’s America,” adding that Canadians “will no longer have to endure the inconveniences of international travel when Canada becomes our 51st state,” while “Europeans are eager to enjoy the Golden Age of America if they so choose to.”

The boycott on travel comes amid a $50 billion travel deficit in the United States – just weeks after former Canadian PM Justin Trudeau encouraged Canadians to “choose Canada,” and suggested “changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer.”

According to the US Travel Association, there is “a question of America’s welcomeness, a slowing U.S. economy and recent safety concerns.

“These challenges are real and demand decisive action,” they continued, adding that it is “actively working with the White House and Congress to advance policies that drive economic expansion and keep the U.S. competitive on the global stage.”

Worldwide Trend

Meanwhile, it’s more than just Canada, as Statista reports. According to Ceylan Yeğinsu of the New York Times, travelers around the world are being put off by the Trump administration’s recent actions, including its new policies and rhetoric. Where the research firm Tourism Economics had initially predicted international travel to the U.S. to grow by 9 percent this year, it recently downgraded its forecast to a 5 percent contraction.

Some Europeans are among those rethinking their trips to the United States in protest against Trump. According to National Travel and Tourism Office data, there was an 8.5 percent decrease in the number of German travelers arriving to the U.S. between February 2025 and February 2024, a 5.6 percent decline in French travelers and a 3.9 percent decline among other countries in Western Europe. The United Kingdom and Italy show a different trend, however, with a 6.9 percent and 0.1 percent increase, respectively, between February 2024 and 2025.

Via Remix News,

Stern Magazine is calling for mass conscription of German youths to join the army, including to ensure the defense of “freedom and diversity.” The reaction to the article has been harsh to say the least, with hundreds of negative comments directed at Stern.

The article, entitled “Others no longer defend us? Then we must do it ourselves!” claims that “the USA no longer wants to protect Germany. This brings a bitter realization: Our unbearable complacency must end.”

The solution? Start drafting German youth to fight the future wars. The author, Tilman Gerwien, a German male noticeable well past the age of someone who might typically be drafted, says that the days of a “dollhouse-like Bullerbü” are over and “we have to grow up.” He details the left’s traditional stance against conscription, which saw German youths demanding American troops leave Germany, was “not only a matter of conscience, but also a lifestyle.” He noted that at demonstrations against NATO, “people hopped around in peace-loving spirits, chanting ‘Out of NATO, into fun!’” All of this has to end, according to Gerwien.

There is no way to know if Gerwien was ever a part of these previous protests or ever shared those sentiments at one time, but it is notable that he is now old enough to not have to face the draft himself. Lucky him.

Does Germany want another war?

German man who lived through WWII fears anti-Russian rhetoric from Friedrich Merz.

“Since Hitler, no one has ever agitated against Russia as much as he did, That reminded me of when I was 9 years old….. What’s happening here is a disaster.” pic.twitter.com/LGrx2fRhJx

— Remix News & Views (@RMXnews) March 24, 2025

He is a part of the trend of the German establishment left suddenly becoming gung-ho in recent years, especially since Putin invaded Ukraine. The old Green Party ideals of removing NATO from Europe and pursuing an anti-war agenda have been jettisoned. In this sense, much of the establishment left has become outright hawkish. With Trump now in office, the hawkishness from this German establishment has now gone into overdrive, with the Greens joining forces with the CDU to promote a defense-oriented Germany.

Will Germans fight for the “New Germany?”

Of course, the “New Germany” does not exactly have people lining up to fight for it, and that is a real problem for the establishment. Much of the conservative youth no longer see a Germany they would lay down their lives for, and in fact, the “New Germany” openly despises these AfD-voting youths, and maybe even sending them to the front would solve this “problem.”

Meanwhile, the left-wing youth is coddled and mostly pacifist. This “Spiegel/Stern left” may like the idea of soldiers going off to fight on their behalf, but they don’t actually want to do the fighting themselves. The old notions of “honor” and “heroes” have been widely mocked and denigrated by the German elite, which Stern acknowledges,

So, who will fight?

Well, in the end, there doesn’t have to be a “reason” for conscription. Youths in Germany, just as in Ukraine, will be forced to the front for the likes of Stern’s editorial staff when push comes to shove, but it’s a nice thought for these journalists that these youths will at least think they have something worth dying for.

So, what should they die for? Stern addresses this problem, as the very atomized and multicultural society it promotes reduces the will for Germans to die face down in some trench at the frontline.

The magazine writes, “Taking all of this into account, Germany faces a tremendous challenge. We must dare to embrace more ‘heroism’ – and less hedonism. More communal commitment and less responsibility-avoiding individualism. And be careful not to lose sight of what we want to defend: freedom and diversity. If the pendulum swings too far toward individualization, we become defenseless. If the focus is too strongly on defense, the ghosts of the past are awakened, keyword ‘national community.’ It’s important to find the balance.”

See, Stern doesn’t want right-wing people who love their country fighting a patriotic war at the front. This could lead to people voting for the AfD, and then… Hitler will come back. This is the logic of Der Spiegel, Stern, and many others.

They instead want iPhone-wielding hipsters who love diversity dying in the trenches. These iPhone-wielding youths should be at the front to defend guys like Gerwien so they can go to Vietnamese restaurants, attend book readings from African authors, and enjoy art installations from Brazilian LGBT activists.

German youth should die for all the above, not for the “German people,” or the “German flag,” or “hearth and home” or any of that other fascist nonsense that typically united nations and led men to lay down their lives for each other and their families.

Stern also appears relatively sure this youth will indeed be dying as well, saying they “will have to take up arms at some point.”

“At the very latest, when conscription comes into effect, ‘they’ (the Bundeswehr) will be all of us – even if only because our children and grandchildren will have to take up arms at some point,” writes Stern. “This raises the question: What are we prepared to fight for and, when push comes to shove, to die for? The fact that we are being asked to answer for the first time in decades is the true ‘turning point.’”

However, as Stern writes, German youths are not just fighting for diversity, but also for “freedom.” 

Notably, if you have any problem with “German freedom,” such as Germany’s harsh free speech laws, then your freedom should be curtailed with a visit from the police, as is increasingly the case in Germany.

Of course, freedom and democracy are tied together, and German youths should be fighting at the front to defend a government increasingly intent on banning the second most popular party in the country, the AfD, which just hit a new polling high this week at 23.5 percent. But freedom also means banning political parties, and we must all fight for the right to ban political parties whose opinions we do not agree with, especially if that party is opposed to the war in Ukraine, which all German youth (future soldiers fighting for diversity) should support..

It all sounds very confusing, but “freedom and diversity” certainly sound good as long as we don’t look at the details.

It is also worth noting that despite Germans being called to “defend diversity,” the cover of Stern is remarkably lacking in diversity. It’s two White people, a boy and girl.

German media makes propaganda push urging young people to fight in wars.

“Would you fight for Germany?” asks Stern in an article supporting conscription.

Our advice: The @sternde editorial staff should volunteer for duty in Ukraine now before the war comes to Germany. pic.twitter.com/F6ONkT2tok

— Remix News & Views (@RMXnews) March 25, 2025

Considering Germany’s youth are becoming more and more diverse, one would think that it would have been the perfect opportunity to feature a Black or Arab person. Go to any clothing store in Germany or any other Western country, and the classic motif of the Black male paired with the White female is ubiquitous. However, as those on the right often point out, when the threat of real wars start, the White males suddenly start appearing more and more frequently in the recruiting ads of the armed forces.

Laughably, the Stern call to action quotes military historian Sönke Neitzel, who told the magazine in support of conscription: “What are we waiting for?” “That 100 percent of the population is in favor of it?” He claims people won’t like it, but it simply has to happen.

Well, maybe they could at least wait until there is 20 percent of the population supporting such measures? A new Forsa poll shows that only 17 percent of Germans are willing to take up arms and die for their country. In short, Stern’s vision of an army of conscripts ready to die for Germany sounds a bit like Hitler at the end of the war, who was completely separated from reality and moving armies around on the map that did not exist.

Of those 17 percent, how many of them are older people or women who actually would not take up arms or even be forced to take up arms should the call to war come?

As Remix News reported in the past, the Ukrainian army has had something the German army did not, which was a patriotic, hardcore, right-wing element that was willing to “die for Ukraine.” Not all of these soldiers were neo-Nazis, but many certainly were. A huge number of these soldiers are already dead, and the war may be coming to an end. Ironically, Ukraine may end up more like Germany in the end with the death of these soldiers, as calls by Ukrainian business leaders to accept the mass importation of migrants to replace the soldiers lost are becoming more of a mainstream idea.

Germany’s push for conscription will continue, with hundreds of billions being directed into weapons purchases. The only problem is that Germans are not going to want to fly these fighter jets or drive these tanks.

Die #Zeitenwende entscheidet sich nicht bloß an neuen Milliarden für die #Bundeswehr. Sondern vor allem daran, ob wir bereit sind zu tun, was uns fremd geworden ist: kämpfen. Unsere aktuelle Titelgeschichte lest ihr hier: https://t.co/TwwzNWW0AA pic.twitter.com/Ragr35s9hq

— stern (@sternde) March 19, 2025

As the X comments note, Germans do not seem especially enthusiastic. One user writes: “Why should you fight for a country that you can’t even be proud of?”

Another responds: “You’ve failed with your miserable war training and war mentality. Only 17% of Germans want to defend Germany with weapons in hand, according to the latest Forsa survey. You won’t have my children, you miserable indoctrinators and arms industry lobbyists!”

Another asks how old the boy on the cover of the magazine is: “Shouldn’t the question be: Would you give your child? How old is the boy on the cover? 17? Man, man, man… This is on the level of ‘Jesus would have been vaccinated.’”

Some do not even want people to buy Stern, period.

“No—don’t fight! And don’t buy that stupid state propaganda magazine either,” wrote another.

Read more here…