DW: German finance minister warns of US trade war; BBC: Finnish PM Sanna Marin … Europe must make sure it is “building those capabilities when it comes to European defence …”

 


COGwriter

The above tweet, machine- translated into English, states:

Federal Finance Minister Lindner warns of a trade war with the United States with a view to the US package of measures to combat inflation.

The German news site, Deutsche Welle, reported the following:

German finance minister warns of US trade war

3 December 2022

German Finance Minister Christian Lindner warned Saturday over a brewing trade war between Europe and the United States concerning Washington’s multi-billion dollar climate protection and inflation package. …

“The USA is our partner of shared values, but at the same time there is an enormously protectionist economic policy,” he told the Welt am Sonntag newspaper …

Lindner said that the German economy, unlike France’s, is closely linked to the US market. He was referring to the US being a huge market for German automobiles, while French carmakers do not export there.

“That’s why Germany can’t have any interest in a trade war but has to rely on economic diplomacy.”

Lindner’s remarks follow a call earlier this week by German Economy Minister Robert Habeck for a “robust” response by Brussels to the new US subsidies.

What is the Inflation Reduction Act (IRA)?

The IRA provides $370 billion (€357 billion) for climate protection and energy security, including subsidies for electric cars, batteries and renewable energy projects that are Made in the US.

The bill gives tax credits for each eligible renewable energy component produced in a US factory and a further 30% tax credit on the cost of new or upgraded factories that build green components. …

EU leaders say that €200 billion ($207 billion) out of the total is tied to provisions for domestic US manufacturing that potentially violate World Trade Organization (WTO) rules. …

During a visit to the United States this week, French President Emmanuel Macron described Washington’s new tax breaks as “super aggressive” and warned that the package would “divide the West.” https://www.dw.com/en/german-finance-minister-warns-of-us-trade-war/a-63975636

So, we continue to hear complaints from European leaders that the USA is violating various trade rules and causing friction. Here is a link to something posted here last month about that: CNBC: EU says it has serious concerns about Biden’s Inflation Reduction Act.

Furthermore, the Europeans believe that the USA is profiting too much–at Europe’s expense–because of fallout from the Russia-Ukraine conflict (see Politico: Europe accuses US of profiting from war).

The USA is causing major friction with the EU.

Yet, European leaders recognize that it is the USA that is providing the bulk of support for Ukraine:

3 December 2022

Finnish PM Sanna Marin has said Europe is “not strong enough” to stand up to Russia’s invasion of Ukraine on its own, and has had to rely on US support.

The US is by far the largest provider of military assistance to Ukraine. …

Ms Marin said: “The United States has given a lot of weapons, a lot of financial aid, a lot of humanitarian aid to Ukraine and Europe isn’t strong enough yet.” https://www.bbc.com/news/world-europe-63838350

While the Finnish Prime Minister is being positive towards the USA, notice that she added the word “yet.” So, consider that the following:

She added that Europe must make sure it is “building those capabilities when it comes to European defence, European defence industry, and making sure that we could cope in different kinds of situations”. …

Prime Minister Marin went on to criticise some European countries’ attempts at building closer ties with Russia in recent decades.

“For a long time, Europe was building a strategy for Russia… to buy energy from Russia and to closen those economic ties, and we thought that this would prevent the war,” she said.

But she said that mindset was “proven entirely wrong”.

European countries should have listened to states like Poland and the Baltics, she said, who had warned that Russia does not “care about their economic ties, they don’t care about the sanctions, they don’t care about any of that” when it comes to invading Ukraine.

Wide-reaching sanctions have been introduced by the EU and the US, among others, with the aim of limiting the resources Russia has to continue the war.

Many European Union and Nato member countries have also pledged to increase their defence spending following the start of the war.

In February, Germany announced an extra $113bn (£84bn) for its army, and a constitutional commitment to Nato’s military spending target of 2% of GDP. https://www.bbc.com/news/world-europe-63838350

Despite her understanding that sanctions would not work, and did not work to deter Russia, sanctioning Russia is a major approach taken by the EU and USA related to Ukraine.

That said, notice that Finnish Prime Minister Sanna Marin is calling for Europe to build its military capabilities and its defense industries.

Leaders in France, Germany, and elsewhere in Europe have called for action to do so as well.

Russia’s ‘special military operation’ into Ukraine has been a highly motivating factor as well. Related to that, the Continuing Church of God (CCOG) put together the following video on our Bible News Prophecy YouTube channel:


Is the European Beast Growing Horns?

Does the conflict between Russia and Ukraine have prophetic ramifications? What about Ezekiel 38? Are we seeing a ‘historic shift’ in Europe to move towards more unity? What about non-EU nations like Sweden and Switzerland? Is Germany’s announcement to double its military spending to 100 million euros a big deal? Does the Bible tell of changes coming to Europe for it to rise up as a Babylonian unity successful military power? What about the United States of America and its British-descended allies? Could USA sanctions against Russia, including SWIFT restrictions, decrease international demand for USA dollars and cause inflation? Dr. Thiel addresses these issues and more in this video.

Here is a link to our video: Is the European Beast Growing Horns?

While the USA naively believes it will remain the world’s premier superpower, the Bible teaches that the power with the “strongest fortresses”–which in the 21st century is still the USA–will be conquered (Daniel11:39) and that the world will marvel that the power thought to have been eliminated–Europe–became so militarily successful (cf. Revelation 13:1-4).

Trade issues have turned allies into enemies.

The Bible teaches that a power that looks like the USA will one day be defeated by “friends” (Lamentations 1:1-2).

Trade will be a factor in what can be called World War III–and this war will be a conflict with Europe (but the ‘shooting’ aspect of this will not happen before 2025; for some details, see When Will the Great Tribulation Begin?).

We continue to see steps that are leading up to it.


Related Items:

Trade Disputes: CCOG Warnings Are Coming to Pass

Can You Prove that the Beast to Come is European?

Military Technology and the Beast of Revelation

Ten Kings of Revelation and the Great Tribulation

Where are the Ten Lost Tribes? Why does it matter?

Do these 7 prophesies point to the end of the USA?

Will the USA and other Anglo-nations be Divided and Their People Made Slaves?

British are the Covenant People

Canada in Prophecy

Australia and New Zealand: Origins and Prophecy

'Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?

Multi-part sermon series based on the free online book above:

Part 1: Lost tribes, the Bible, and DNA

Part 2: Lost Tribes, Prophecies, And Identifications

Part 3: 11 Tribes, 144,000, and Multitudes

Part 4: Israel, Jeremiah, Tea Tephi, and British Royalty

Part 5: Gentile European Beast


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