The following article was originally published by Michael Snyder at The Economic Collapse Blog. His articles are spot on and his relentless research gives us a glimpse of what clearly may happen in the days ahead. I challenge you to read his article below carefully and then consider exactly what he is saying. Then turn to your Bible and consider how Bible Prophecy is a warning to the clear and present danger America and the rest of the world is facing right now. The days ahead will present many problems and heartaches for the people of earth; if you have not prepared in your heart, mind and soul in Jesus Christ as your Lord and Savior, then in your troubles you may not find any comfort. (Used by permission)
The U.S. Has Decided To Fight Trade Wars With China, Europe, Canada And Mexico Simultaneously, And That Will Be Disastrous For The Global Economy…
By Michael Snyder, in May 2018
One trade war may be enough to push the struggling global economy into another recession, but the U.S. government has apparently decided that it is time to fight trade wars with pretty much all of the major economies around the world at the same time. This is utter insanity, and it is going to have disastrous consequences that will be felt all over the planet. Yes, we need to get tough on trade. If you have followed my work for the last eight years, than you know that I have been a very strong advocate of protecting U.S. manufacturers and U.S. workers. But these things have got to be handled delicately, because any significant disruption at this point could lead to an absolutely crippling global economic crisis. Negotiating on an international level requires a great deal of finesse, because if you mess up it can have monumental consequences. For example, one thing that you shouldn’t do is make an agreement with the second largest economy in the world and then tear it up less than two weeks later…
The odds of a messy trade war between the United States and China are rising again.
The Trump administration shocked the world on Tuesday by tearing up a truce with Beijing and announcing it would impose tariffs on $50 billion worth of Chinese goods and restrict Chinese investment in the United States.
Without a doubt China has been taking advantage of us for many years. They have been slapping our goods with high tariffs and have been shamelessly stealing our intellectual property. But the Chinese are very proud people, and now they feel like they have been slapped in the face.
So they won’t back down in a trade war, and on Wednesday they said that they “aren’t afraid of fighting one”…
China is ready to retaliate after the United States revived plans to hit it with new tariffs.
“We want to reiterate that we don’t want a trade war, but we aren’t afraid of fighting one,” Chinese Foreign Ministry spokeswoman Hua Chunying said at a briefing on Wednesday.
Fighting a trade war with China would be bad enough, but it turns out that we are also starting one with the European Union. The following comes from Zero Hedge…
Time’s up! A month ago, President Trump delayed his EU steel and aluminum tariffs decision and as of Friday, that deadline is over and the US allies across Europe will face big decisions on retaliation.
Amid threats from various European leaders – and the potentially unipolar world order repressing blowback from Trump’s Iran decision and subsequent sanctions – The Wall Street Journal reports that the Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on a threat to apply tariffs on European steel and aluminum, according to people familiar with the matter.
The announcement is reportedly likely to occur on Thursday, and will be 25% on imported steel and 10% on imported aluminum.
Other than the United States, China and the European Union are the two greatest economic powers on the entire planet.
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Fear God and Flee from Evil!
-BPWatcher, Internet Preacher and Bible Prophecy Watchman
Pray for the peace of Jerusalem – Psa 122:6 (KJV)