BATTLE FOR WORLD – May 31, 2018: The aristocrat prophetess Baroness De Rothschild foretold a number of things that were waiting for Donald Trump if he was elected President of the United States.
One of her forecasts before Trump had won the 2016 presidential election was that he would implement protectionist policies: Bss De Rothschild @BssDeRothschild (update: @LdyDeRothschild): “Trump will likely ignite full protectionist strategies for the US which will isolate the country like a new North Korea. China to surpass US“. (BattleForWorld: Yes, China will surpass the US after 2020. And the Trump administration has started to implement protectionism.)
Germany Warns Against Protectionism, France Blames US Amid Trade Row With US
SPUTNIK NEWS – May 31, 2018: The Trump administration is expected to announce that the United States will impose steel and aluminum tariffs on EU states.
(BattleForWorld: The Zionists are forcing Trump to use tariff tactics in order to pressure the Europeans to withdraw from the Iran nuclear deal so that the planned attack on Iran can go ahead with what they are calling the international community. At the moment, only the Zionist Prime Minister Benjamin Netanyahu and Saudi Arabia support the bombing plan of Iran and the Europeans are needed on board to implement the bombing attack. The German Prime Minister, the Zionist Angela Merkel is probably eager to join in since she has an Israeli passport.)
German Foreign Minister Heiko Maas warned against protectionism in global trade ahead of a deadline for steep US import duties on steel and aluminum imports from Europe after talks with his Chinese counterpart Wang Yi Thursday (May 31).
“To put it clearly: protectionism and isolation with regard to free trade must be kept from getting the upper hand again in free trade,” he stated, adding that international partners could have “no interest in the clock being turned back in trade policy” ahead of a Friday deadline for the new tariffs.
France’s Position on the Issue
Earlier in the day, French Finance Minister Bruno Le Maire told the US Commerce Secretary Wilbur Ross that the US metal tariffs would be unjustified and dangerous.
If US authorities take responsibility — and it will be only their responsibility — and decide to raise the tariffs for steel and aluminum for Europe without any reason, without any justification, while the excess production of steel and aluminum comes from China, and not from Europe… This decision will be unjustified and dangerous, in which case Europe will draw conclusions from this decision and take appropriate retaliatory measures, uniform and firm,” Le Maire said in a video posted in his Twitter.
He emphasized that the EU would take “all necessary measures” to respond if the United States decided to impose tariffs.
Few days left to avoid full-scale trade war between US and EU – France
RT – June 2, 2018: The article highlights that Washington has just a few days to take some urgent measures if it wants to avoid unleashing a full-scale trade war with its European allies, France’s Finance Minister Bruno Le Maire has warned, during a G7 meeting.
“We still have a few days to take the necessary steps to avoid a trade war between the EU and the US, and to avoid a trade war among G7 members,” Le Maire told journalists, following a meeting of the G7 finance ministers in Canada’s mountain resort of Whistler, British Columbia. He noted that it is up to the US to make the first move.
“The ball is in the camp of the United States, it is up to the American administration to take the right decisions to smooth the situation and to alleviate the difficulties,” he added in a Reuters’ article. And other top officials of the world’s leading economies have joined the French minister in his call for urgent actions.
EU encourages all countries to dispute US import tariffs in WTO
TASS – June 1, 2018: The European Union urges all countries against which the United States has imposed tariffs to dispute this decision in the WTO, Commissioner Cecilia Malmstr·m said on Friday.
“I encourage all countries to take the measures,” she said.
The European Union does not see an opportunity to continue talks on the free trade zone with the United States after introduction of duties, Malmstr·m noted.
“We are not going to enter into any negotiations,” she said.
Trump Aims to Close Market for German Luxury Cars as Trade War Looms
SPUTNIK NEWS – June 1, 2018: The White House has opted to introduce high metal import tariffs for the EU, triggering threats from the bloc that it will impose counter-measures. While the trade war is looming, the US administration is looking into another measure which could cause multi-billion losses to the European economy: evaluating a 25% import tax on cars.
Donald Trump has allegedly shared with French President Emmanuel Macron his wish to force German luxury car makers out of the US market. The German magazine WirtschaftsWoche, citing several diplomatic sources from both the US and Europe, stated that Trump would maintain his trade policy until no Mercedes models rolled on Fifth Avenue in New York.
Last week Trump ordered his administration to look into whether car imports endangered US security, which was one of his chief arguments for imposing higher steel and metal import tariffs. Following this path, Trump is threatening to levy a 25% tariff on imported European cars.
In the course of the unfolding trade row, Trump has repeatedly criticized as unfair the fact that the EU has a 10% import tariff on US-made cars, while import duties on European cars total only 3%.
Trump Calls on Canada to Open Markets, Remove Trade Barriers
SPUTNIK NEWS – June 1, 2018: Canada must open its markets and remove trade barriers against the US agricultural industry, US President Donald Trump said in a statement on Friday (June 1).
Canada has treated our Agricultural business and Farmers very poorly for a very long period of time. Highly restrictive on Trade! They must open their markets and take down their trade barriers!” Trump said in a Twitter message.
Earlier it was reported that the US President has given Canada’s Prime Minister Justin Trudeau an ultimatum on trade, saying he would not accept any deal that is not “fair.”
Trudeau says Trump was on the brink of a big trade deal with Mexico and Canada but one confounding demand blew it up
BUSINESS INSIDER – June 1, 2018: The article highlights that Canada’s Prime Minister Justin Trudeau said the US, Canada, and Mexico were at a “final deal-making moment” on the North American Free Trade Agreement. And Trudeau said that President Trump agreed to meet and hash out final details. But on Tuesday (May 29), Trudeau said, Vice President Mike Pence called and said that any sit-down would require that the inclusion of a controversial sunset clause for the new version of NAFTA, and that Trudeau called the precondition unacceptable and canceled the meeting.
Tariffs Take Effect – U.S. (Finally) Playing Hardball With EU, Mexico & Canada
HAL TURNER RADIO SHOW – June 1, 2018: The United States said Thursday (May 31) it will impose stiff tariffs on steel and aluminum imports from the European Union, Canada, Mexico, reviving fears of a trade war with angry allies and trading partners.
The announcement by Commerce Secretary Wilbur Ross immediately drew retaliatory action by Mexico, Canada and threats of the same by the EU, while France called the tariffs “illegal.”
The US action, took effect at midnight (0400 GMT Friday, June 1), cast a long shadow over a meeting of finance ministers from the Group of Seven top world economies, which opened in Canada.
International Monetary Fund chief Christine Lagarde warned the G7 officials of an erosion of trust amid the trade frictions.
And she said the action will “distort and damage and disrupt supply chains which have been established now for decades.”
The White House, however, said the tariffs first imposed in March — 25 percent duties on steel and 10 percent on aluminum — have had “major, positive effects on steel and aluminum workers and jobs.”
Here comes another global financial crisis
THE WEEK – June 2, 2018: Is another global financial crisis on the horizon? Many are asking that question.
Investors are increasingly worried that an escalating political crisis in Italy could lead to a populist, euroskeptic government taking power. As a result, there’s rising uncertainty about whether the country might eventually abandon the euro currency zone or default on its giant debt pile. To make things worse, the Trump administration continues to toy with the idea of a trade war with Europe and China. That would be the last thing the global economy would need if the Italian situation deteriorates further. Debt crises and trade wars are a toxic combination.