Church of God News

Mexican President Claudia Sheinbaum
(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.

Here is some information from Mexico:

November 27, 2024

Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs.

“If there are U.S. tariffs, Mexico would also raise tariffs,” Sheinbaum said during her regular morning press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner.

Mexican Economy Minister Marcelo Ebrard, speaking alongside Sheinbaum, called for more regional cooperation and integration instead of a war of retaliatory import taxes.

“It’s a shot in the foot,” Ebrard said of Trump’s proposed tariffs, which appear to violate the USMCA trade deal between Mexico, Canada and the U.S.

Ebrard warned the tariffs would lead to massive U.S. job losses, lower growth and hit U.S. companies producing in Mexico by effectively doubling the taxes they paid. “The impact on companies is huge,” he said. https://finance.yahoo.com/news/mexico-warns-trumps-tariff-kill-141722756.html

The concern from Mexico did not just pop up today. For example, notice the following related this from a couple of weeks ago:

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

There will be consequences to the USA that Donald Trump has not considered.

Consider that 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 at 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 27th, 2024 at 3:00 pm and is filed under Prophecy.

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