Church of God News

Marcelo Luis Ebrard Casaubón
(Photo by Eneas De Troya via Wikipedia

COGwriter

Exporters around the world have concerns that the Trump Administration is going to impact them with high tariffs.

For example, notice the following:

13 November 2024

A study says the global luxury goods market will shrink in 2025 and Trump tariffs could make it worse.

Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump.

“This could be a nightmare if implemented,’’ Claudia D’Arpizio, co-author of the study for Italy’s Altagamma association of luxury producers, told The Associated Press. “European brands could end up being super expensive in an already expensive environment.’’

Trump has pledged tariffs of up to 20% on imports, saying it would create factory jobs, shrink the federal deficit and lower food prices. https://www.euronews.com/business/2024/11/13/will-the-global-luxury-goods-market-shrink-in-2025-due-to-trump-tariffs

Well, even higher tariffs have been suggested/threatened to Mexico.

A reader tipped me off to the following:

Mexico is preparing to engage in trade wars with the US

Mexico’s government on Monday signaled that it planned to hit back with trade restrictions of its own if President-elect Donald J. Trump followed through on his threats to impose sky-high tariffs on Mexican exports to the United States.

“If you put 25 percents tariffs on me, I have to react with tariffs,” Marcelo Ebrard, Mexico’s economy minister, told a radio interviewer on Monday. “Structurally, we have the conditions to play in Mexico’s favor,” he added.

The disclosure by Mr. Ebrard, who is poised to be one of Mexico’s top negotiators with the Trump administration, showcases the rising tensions between the countries in the aftermath of the U.S. presidential election.

During his campaign, Mr. Trump vowed to immediately place 25 percent tariffs on all goods from Mexico unless that country’s government halted the flow of migrants and drugs to the United States. If Mexico fails to respond to Mr. Trump’s satisfaction, he said, he could raise such tariffs to as high as 100 percent. https://endtimeheadlines.org/2024/11/mexico-is-preparing-to-engage-in-trade-wars-with-the-us/ accessed 11/13/24

That is fairly bold rhetoric.

Here is more on this:

Mexico mulls retaliatory tariffs on US

Mexico’s economy minister Marcelo Ebrard said his country would consider retaliating with tariffs of its own should the incoming US administration impose taxes on Mexican imports.

In the last days of the campaign, President-elect Donald Trump vowed to impose tariffs of as much as 25% on Mexican imports should its southern neighbor fail to crack down on migration and the flow of drugs into the US.

Ebrard also mentioned how Trump in his previous term threatened the same tariffs on Mexico while also seeking concessions from Mexico to curb immigration from the country to the US.

“If you apply tariffs, we’ll have to apply tariffs. And what does that bring you? A gigantic cost for the North American economy,” he said. https://www.semafor.com/article/11/12/2024/mexico-mulls-retaliatory-tariffs-on-us

Round 2 in the Trump-vs-Mexico matchup looks ominous for Mexico

MEXICO CITY (AP) — Mexico is facing a second Donald Trump presidency, and few countries can match its experience as a target of Trump’s rhetoric: There have been threats to close the border, impose tariffs and even send U.S. forces to fight Mexican drug cartels if the country doesn’t do more to stem the flow of migrants and drugs.

That’s not to mention what mass deportations of migrants who are in the U.S. illegally could do to remittances — the money sent home by migrants — that have become one of Mexico’s main sources of income. …

Mexico has in Claudia Sheinbaum a somewhat stern leftist ideologue as president, and Trump is not known for handling such relations well…

U.S. companies are more dependent than ever on Mexican plants.

But the U.S.-Mexico-Canada trade agreement, or USMCA, is coming up for review, and Mexico has made legal changes that Trump could seize on to demand a re-negotiation of parts of the deal. …

Sheinbaum has suggested Mexico won’t give in even if backed into a corner, saying “we obviously are going to address any problems that come up with dialogue, as a collaborative process, and if not, we are going to stand up, we are prepared to do that with great unity.”

Standing up hasn’t worked particularly well before. 11/11/24 https://apnews.com/article/mexico-donald-trump-threats-tariffs-border-closing-deportations-b9f11e55911613cf72ac1d5695bba5ec

Europe is concerned about tariffs and trade with the US under Donald Trump.

Mexico is concerned about tariffs and trade with the US under Donald Trump.

While their relationship is not perfect, the Europeans have been working with Mexico for sometime:

January 6, 2023

EU trade commissioner Valdis Dombrovskis said Mexican officials “are taking their time” after Brussels made some amendments that mirror a structure used in an accord between the EU and Chile finalised last month. Brussels hopes the tweaks should smooth the deal’s ratification, but Mexico City fears they could mean the treaty requires separate stages of approval. “In recent weeks we proposed a possible solution on the legal architecture of this modernised global agreement to Mexico,” Dombrovskis said. “We think it’s a good solution, which also takes into account some of Mexico’s concerns,” he added. “We are currently waiting for Mexico’s final response on this. We’re ready to move forward with the agreement as soon as we get that reply.” Mexico is seen as a potentially leading exporter of machinery, appliances and mineral products to the EU as Brussels seeks to reduce its reliance on China. …

The EU was Mexico’s biggest export market after the US in 2021. It imported €23.4bn of goods from Mexico, with exports totalling €37.7bn. In 2020 EU companies had investment worth €176bn worth in the country. https://www.ft.com/content/c692fc26-602c-4318-a299-8fadc973b482

Consider also something that I warned about in 2008:

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.

Eventually, the Europeans (possibly under the cover of pretending that they are involved in a “NATO-like” exercise in North America) will eventually launch a surprise attack against the United States in fulfillment of both biblical and Catholic prophecies. The Mexicans will most likely be allied with the Europeans for this to happen. (Thiel B. A Combined EU & North American Trade Block Coming? COGwriter.com, March 3, 2008)

Expect more cooperation between the Europeans and Mexico.

Consider also, something else, I posted here is 2008:

Because of the cultural, ethnic, language, legal, and religious ties between Europe and Latin America, the two regions will likely cooperate more in the future. These ties will be primarily economic, but also may include some type of military cooperation.

While the world generally considers that Mexico and the rest of the Latin American nations are “developing”, the fact is that they have truly been developing. Several are not only becoming economic powerhouses, they have been able to do this without the massive debt accumulations that many other nations have (like the U.S.A.). And while not all of Latin America is poised for major economic activity on the world scene, once major players such as Mexico, Argentina, Brazil (Portuguese: Brasil), and Chile develop a bit more, they will have an impact not only on the entire world, but also on the other Central and South American countries that they also trade with.

With the U.S.A. and its Anglo-Allies ultimately basically out of the picture, the future power of Europe will make Europe an economically attractive trading partner (and because of its military abilities in the future, it is likely to be an attractive military partner) to those in Latin America.  (Thiel B. What’s Ahead for Latin America?. COGwriter.com, October 22, 2008)

Mexico hopes that it can trade more with Europe and not be subject to the whims of the USA.

While in the short-run the USA can take steps to seriously harm Mexico, it should be clear that the USA is seriously risking turning Mexico from an ally into an enemy.

Despite statements of hope that both sides will better get along, Mexico will end up with closer cooperation with Europe.

The final Time of the Gentiles is coming and it will NOT end well for the USA (cf. Daniel 11:39).

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This entry was posted on Wednesday, November 13th, 2024 at 4:00 pm and is filed under Prophecy.

• Absolut Reconquista by Mexico?
• Obama and Problems in Mexico and Canada
• ‘Trump: ‘Not Nearly Enough’ Progress in US-Mexico Migrant Talks’
• Donald Trump tweets his intent to impose tariffs on Mexico in his effort to reduce migrants
• López Obrador wins Mexico’s election: Expect friction with the USA and more ties to Europe
• Donald Trump issues threats to close border and trade with Mexico
• Mexico trying to say no to Trump’s immigration plans
• Mexico looking to China and Europe and away from USA
• Trump links tariff relief for Canada, Mexico to NAFTA talks
• EU and Mexico making a trade deal, partially to send Donald Trump a message