Many are concerned about a trade war because of the re-election of Donald Trump.
‘No-one will win a trade war’, says China after Trump vows to hike tariffs on day one in office
26 November 2024
“Is Trump serious about tariffs?” This has been the question hanging over not just world markets but the whole world economics.
The popular wisdom had become that he wasn’t really that serious, and the key bit of evidence for that was his appointment of hedge fund investor Scott Bessent as Trump’s preferred Treasury secretary.
The answer overnight, though, was pretty brutal. Yes, he is serious, and in the most unexpected way. By choosing to target Mexico and Canada as well as China, he is confirming threats made on the campaign trial that appeared the most fanciful.
For starters he is willing to blow up the Mexico-Canada- America trade deal that he signed in his first term, on day one of his second term. …
Trump says the tariffs are in response to “crime and drugs” coming across the southern and northern borders of the US
China calls it “irresponsible” and warns that no-one will win a trade war, …
We must do everything to avoid a 25% tariff, says Quebec headpublished at 04:19
04:19
Earlier, we heard Ontario’s premier had said that the US imposing a 25% tariff on imported Canadian goods would be “devastating” for both American and Canadian workers.
Now the head of Quebec – Canada’s second biggest province after Ontario – says the tariff “poses an enormous risk to the Quebec and Canadian economies”, external.
“We must do everything possible” to avoid it, François Legault adds. …
More reaction now, from Germany’s Vice-Chancellor Robert Habeck, who says the European Union must “respond united, and not tear itself apart into two or three blocs of countries but speak as a united Europe”.
“We must make clear that ultimately, everyone loses: the United States, the United States’ economic area and Europe,” he adds, according to the Reuters news agency. …
The head of Mexico’s Senate quickly hit back, asking on X, external what tariffs Mexico should impose on the US to get it to stop consuming drugs and illegally exporting weapons to its southern neighbour. https://www.bbc.com/news/live/c8xpzl8nnvwt
Yes, there are fears and concerns in Canada, China, Mexico and Europe about trade wars and Donald Trump.
Here is what set up the latest comments:
EuroNews added the following comment:
26 November 2024
Although the president-elect made no mention of Europe, he proposed several times during the campaign trail that he would impose a 10% tariff on European Union goods exported to the US — a measure that would profoundly disrupt trade between the EU and the US. https://www.euronews.com/2024/11/26/trump-threatens-sweeping-tariffs-on-china-mexico-and-canada
Earlier, European Union Commission President Ursula von der Leyen stated that Europe will need to stand more unified together to deal with this. And the EU decided last week to hold trade talks with China, for one example.
There are costs for tariffs as well as sanctions.
Donald Trump has threatened tariffs on goods from other countries as well.
This is getting various nations and groups of nations to look to take steps.
For example, notice the following related to Europe and South America:
26 November 2024
PARIS (AP) — After more than 20 years of negotiations, the 27-nation European Union and Mercosur — a South American trade bloc of Brazil, Argentina, Paraguay, Uruguay and Bolivia — are still trying to finalize a major trade agreement that is sparking protests by European farmers. …
Who supports it?
Germany, Spain, Italy and Portugal are among EU countries pushing for the deal to be finalized by year’s end. Germany, in particular, sees Mercosur as a key market for its automakers.
In South America, leaders like Brazilian President Luiz Inácio Lula da Silva view the agreement as a boost for regional trade and economic growth. Countries like Uruguay and Paraguay also support the deal, hoping to diversify their trade partners and reduce reliance on China. Argentina’s President Javier Milei has also backed it, signaling a shift from his predecessor’s skepticism.
The deal is also backed by industries in both regions. European carmakers and pharmaceutical companies see it as a way to access Mercosur’s growing markets. …
What’s next?
The Mercosur summit on Dec. 5-6 in Uruguay could be a key moment for the deal. However, even if the agreement is signed, it must be ratified by all 27 EU member states, the European Parliament and all member states’ national parliaments before taking effect. https://thehill.com/homenews/ap/ap-business/ap-what-is-the-eu-mercosur-trade-agreement-and-why-does-it-matter/
If the EU-Mercosur deal is approved, there will be protests in parts of Europe. This may also help set the stage for the rise of a dictator who will one day come to Europe (Cf. Revelation 13:1-18; 17:12-13).
Also from a prophetic perspective, notice number 8 of my list of 24 items to prophetically watch in 2024:
8. Trade
Not all warfare is militaristic. There is also economic warfare.
This often involves trade.
The major use of sanctions, mainly pushed by the USA, has been continuing.
This is affecting trade and pushing trade away from the USA. But also encouraging the Anglo-nations to try to increase trade with each other.
Back in 2008, I posted the following:
In the spirit of accommodation and personal interest, many of the “standards” of the European Union will be adopted by the USA, Canada and Mexico, as well as by nearly all of the countries of the world. The Arab nations will most likely agree with many of the standards as they seem to be destined to form a brief end-time alliance with the Europeans (The Arab World In the Bible, History, and Prophecy).
However, over time, it will become increasingly clear that the British will be in more agreement with the Canadians and Americans and that the European Union in more agreement with the Mexicans than the EU will have with the English-speaking nations.
Trade wars and/or serious trade disputes will most likely arise.
The Brits will ultimately decide that they are more supportive of the Americans and Canadians. They will be so much more supportive that they will end up in a trading agreement with them (with the Australians and New Zealanders probably also becoming part of that agreement).
The EU will decide that Mexico and the rest of Latin America are in more agreement with it and thus make some type of serious trading agreement with most (or all) of Latin America. The Vatican will also have influence here as Latin America is highly Roman Catholic.
The Europeans and Americans, however, will continue to have military agreements, though many will be tense about them. (Thiel B. A Combined EU & North American Trade Block Coming? COGwriter.com, March 3, 2008)
Since the above was posted, the Europeans and Americans continue to have military agreements, the UK essentially reduced its trade from the rest of Europe because of Brexit, today we see a UK-NZ trade deal, the EU has made trade deals with Mexico and Latin America ..
In 2018, I wrote:
The Europeans have been working with Latin America, China, Russia’s Eurasian Union, and other areas of the world to try to set up its dominance of world trade as well as standards for world trade. (19 items to prophetically watch in 2019)
Such deals have been happening.
Europe will reach out to various ones in Asia and Africa, as well as Latin America. In the next several years, deals and more trade will occur with Africa, Asia, and Latin America.
Well, yes, in 2024 Europe has been reaching out to Africa, Asia, and Latin America on matters of trade.
The Bible shows that Europe will, temporarily succeed:
3 … all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:3)
9 The kings of the earth who committed fornication and lived luxuriously with her … 19 in which all who had ships on the sea became rich by her wealth! (Revelation 18:9,19)
Europe does not have to be perfect to do this, but perceived for a time, as the best economic option for the world.
Although it does not look like that now to most people, Europe is prophesied to do so.
The reelection of Donald Trump has accelerated the desire of the Europeans to secure trade deals outside of the USA.
Biblical prophecies will come to pass.
We continue to see steps that are aligning with them.
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