Connect with us

News

Global Unease Arises in Response to Donald Trump’s Tariff Talks; Nations May “Retaliate”

Published

on

Donald Trump
AFP

(VOR News) – Donald Trump’s statements regarding tariffs have generated worry among international nations and businesses. Many individuals feel that these tariffs may indicate the onset of an extensive trade war upon his return to office next year.

On Monday, the newly elected president warned both his supporters and adversaries, announcing his plan to promptly impose a 25 percent general tax on Canada and Mexico, as well as a 10 percent tariff on China. If he fulfills that threat or his campaign pledge to impose a 10 percent tax on all imports from the United States.

There will be retaliation against Donald Trump’s global economy.

Bernard Yaros, an economist at Oxford Economics, informed AFP, “We anticipate that all these other nations, especially advanced economies in Asia, will react similarly.”

He estimates that the tariffs and punitive actions imposed by the United States, particularly on Europe and Asia, will “depress growth” and trade flows, resulting in a decline in global GDP of 0.1 to 0.9 percentage points by 2026.

Ruben Dewitte and Inga Fechner, economists at ING, penned a letter cautioning that threats negatively influence sentiment before the introduction of tariffs and may lead to delays in hiring and investment.

A recent editorial in the Wall Street Journal asserts that President Donald Trump has consistently regarded tariffs as a “universal weapon” for negotiations.

The President of the United States announced on Monday that the elimination of tariffs on Canada and Mexico will go independently if the United States resolves the challenges of illegal drug trafficking and immigration.

Petros Mavroidis, a professor at Columbia Law School, jeopardizes enduring repercussions while attempting to augment the United States’ influence. Others speculate that he will exert pressure on nations until they yield to China’s positions.

He informed AFP that “his actions unequivocally alienated all of his allies.”

Erin Murphy, a senior analyst at the Center for Strategic and International Studies, asserts that President Donald Trump’s warnings exhibit “no differentiation” about the economic growth levels of other nations and their interactions with the United States government.

The discontent in Europe

Dewitte and Fechner contend that Europe might be profoundly impacted, warning that “a potential new trade war could propel the eurozone economy from sluggish growth into recession.” Donald Trump’s campaign mostly focused on tariffs levied by the European Union on vehicle imports.

ING asserted that the European Union would have negotiation leverage due to the United States’ dependence on the EU for strategically essential commodities, especially in the chemical and pharmaceutical industries.

Gary Hufbauer, a nonresident senior scholar at the Peterson Institute for International Economics, contends that “European nations will be less willing to negotiate any accord with Donald Trump than Canada or Mexico.” Hufbauer made this statement.

He argues that the European Union’s initiative to reduce vehicle tariffs and augment imports of agricultural items from the United States, such as soybeans, may be inadequate for a government pursuing improved market access or exemptions from particular regulations.

He asserts that if the United States enacts tariffs, the European Union will probably respond to significant American goods such as whiskey or iPhones.

European nations may pursue redress from the World Trade Organization (WTO); nevertheless, even a favorable ruling from the WTO may not significantly affect U.S. policy.

Ursula von der Leyen, the current President of the European Union, has declared her determination to seek “constructive cooperation” with the pertinent authorities in the United States. Jovita Neliupsiene, the European Union’s ambassador to the United States, has stated that the organization is ready to tackle any forthcoming trade problems.

Preventing further decline

Yaros posits that the United States might concentrate on Asian economies, including South Korea and Japan, owing to their exports of automobiles and metals. Furthermore, Vietnam may undergo scrutiny regarding its solar panels.

In recent years, the United States’ trade deficit with Vietnam has widened due to a rise in imported commodities.

Yaros has claimed that the countries impacted by Donald Trump’s tariffs will “respond in a manner that is commensurate with the actions undertaken by the US, but will not surpass them.” This statement was released to avert a worsening of the problem.

He asserted that, according to historical records, China might choose to eschew a similar response in favor of actions like export bans.

Daniel Russell of the Asia Society Policy Institute has disclosed that both Seoul and Tokyo are meticulously planning for the possible implementation of tariffs.

He asserts that allies such as South Korea will leverage their Donald Trump significant high-tech investments in the United States to request exemptions from all tariffs imposed by the United States.

SOUREC: NDTV

SEE ALSO:

Canada’s Premiers Criticize Trudeau Over Border Securit and Appointments.

Continue Reading

News

The Canada Gun Ban Trudeau Adds 325 New Firearms

Published

on

The Canada Gun Ban Adds 325 New Firearms
Public Safety Minister Dominic LeBlanc says the Canada gun ban takes effect immediately

The Canada gun ban by Trudeau and his Liberals has added three-hundred and twenty-four firearm makes and models and variants to the banned weapons list, on Thursday.

“It is no longer legal to use, sell, or import these firearms in Canada,” Public Safety Minister Dominic LeBlanc informed reporters.

According to RCMP Deputy Commissioner Bryan Larkin, the models evaluated and included on the list are assault-style guns as defined by the government in 2020. In the past, the Liberals prohibited 1,500 models using that criterion.

Current owners will have until October 30 of next year to comply with the ban during an amnesty period. The government’s intended buy-back program will include the new models.

The Canadian Coalition for Firearm Rights (CCFR)’s Tracey Wilson blasted the Trudeau administration, claiming that the Liberals have not learnt anything from their eight-year effort to seize firearms from their rightful owners.

“They know they are out of time and Canadians are out of money, so this is just typical Liberal Party divide-and-conquer politics,” she added. They are aware that in less than ten months, the Conservatives will repeal everything.

They haven’t responded to law enforcement’s pleas, taken action against violent offenders who commit the same crimes repeatedly, or used an Order in Council to address the daily violence that afflicts Canada. Nothing.

Wilson also took issue with the government’s summary implementation of gun control laws through orders-in-council rather than through legislation.

Nicolas Johnson, a policy analyst and editor of thegunblog.ca, stated that he is not aware of any gun owner who expresses any desire or motivation to surrender their lawfully acquired firearms.

He told the Toronto Sun, “The Liberals have no idea how to carry out their confiscation fantasy, no money to pay for it, and no way to enforce it.” “With this most recent measure, the Liberals are coming across as more extreme, desperate, and weak.”

Even Liberal MPs opposed the Trudeau Liberals’ earlier attempts to impose universal gun control laws because they were so unpopular.

The Liberals subtly introduced two amendments to their gun control bill C-21 in 2022, which would have prohibited the lawful guns used by sport shooters and hunters on a daily basis.

Following strong resistance from hunters, sports shooters, and First Nations, the Liberals retracted those proposals. The opposition Conservatives called this a “humiliating climb-down” for the prime minister.

As of this writing, there is no list of the Canada gun ban for these 325 prohibited firearms.

Related News:

Beef Prices in Canada Reach Record Highs

Manhunt Launched After United Healthcare CEO Gunned Down

Continue Reading

News

Man Leaps onto Polar Bear to Defend His Wife in Northern Canada

Published

on

Polar bear, Canada
The unnamed man suffered serious injuries but is expected to recover

Police say a man in Canada’s far north is recovering from injuries sustained when he jumped atop a polar bear to protect his wife from mauling.

The incident occurred at Fort Severn First Nations, a small community of approximately 400 people in far northern Ontario.

The nameless man was seriously injured but is likely to recover, according to a First Nations police officer.

On Tuesday, about 05:00 local time (11:00 GMT), the couple exited their house to find their dogs, when a bear on the driveway sprang at the man’s wife. He instantly jumped onto a polar bear to defend his wife from getting mauled.

“The woman slipped to the ground as her husband leapt onto the animal to prevent its attack,” police said in a statement. “The bear then attacked the man, causing serious but non-life-threatening injuries to his arm and legs.”

A neighbour arrived with a rifle and shot the bear multiple times. It retreated into the neighbouring woods, where it perished from its injuries.

He was later was transferred to a community nursing station and treated for his injuries.

Police stated they “continued to patrol the area to ensure there were no other bears roaming the community.”

According to Alysa McCall, a scientist with Polar Bear International, polar bears rarely attack humans.

When an attack occurs, the bear is frequently hungry, young, and ill, she explained. Normally, bears avoid human towns and prefer to hunt ice seals at sea.

“If you’re attacked by a polar bear, definitely do not play dead — that is a myth, “you fight as long as you can.”

According to Wikipedia, Fort Severn First Nation is a Western Swampy Cree First Nation band government located on the Severn River near Hudson Bay. It is the most northern community in Ontario, Canada. In 2001, the population was 401, consisting of 90 families in an area of 40 square kilometres.

Related News:

Polar bear attack victims young mother and 1-year-old son

Outrage Erupts After 17th Beluga Whale Dies at Canada’s Marineland

 

Continue Reading

News

Macron of France Will Complete His Tenure And Choose a New Prime Minister Shortly.

Published

on

Macron
AFP

(VOR News) – The current French President, Emmanuel Macron, reportedly promised on Thursday to stay in office until the end of his term, which runs until 2027.

Moreover, he said he would appoint a new Prime Minister within a few days after Michel Barnier left, which explained his dismissal from the Prime Ministerial post.

Macron emerged the day following the unheard-of National Assembly vote of no confidence. The vote of no confidence left France without a functioning government. Instead of owning the flaws in his own government, he blamed his opponent on the extreme right for the downfall of Barnier’s rule.

They arrived at a decision. He described using the phrase “not to do but to undo”. “They preferred anarchy.”

According to the US President, the far-right and far-left have teamed to produce what he calls “an anti-Republican front.”

Furthermore, Macron’s carelessness will not be blamed on him.

Although he did not say anything about the name of the next prime minister in his statement, he said that he would choose a new prime minister during the next days.

The Elysee presidential palace’s communiqué said that President Macron “acknowledged” the resignation Barnier had turned in earlier that day. According to the statement, until a new government is chosen, Barnier and other ministers will keep responsibility for current affairs. The sentence included this phrase.

Following just three months in office, Barnier was obliged to resign as prime minister, hence shortening his tenure in modern France. Support for the no-confidence resolution—which the National Assembly finally approved—was shown in 331 votes overall.

In a parliament without a majority, Macron must choose a successor able of running a minority government. This is a difficult project. President of the National Assembly Yael Braun-Pivet, a Macron party member, advised him to act quickly.

Braun-Pivet made a statement on Thursday that France Inter radio carried. “I advise that he promptly pick a new prime minister,” she said. Regarding political issues, uncertainty had no place. Essential is a leader who can successfully interact with all the stakeholders and help to approve a new budget item.

Still, the approach could be difficult. French media claims that a shortlist of moderate candidates with ability to appeal to both political extremes has been produced. Still, Macron’s government has not confirmed any of the recommended public post choices.

Concerns have been voiced regarding possible delays this time resulting from Macron’s extended two-month term to name a replacement to Barnier following the June legislative elections’s loss by his party.

Following the no-confidence vote, Macron has been called on to resign.

Leading far-left France Unbowed party member Manuel Bompard said on BFM TV Wednesday night, “I contend that stability necessitates the resignation of the President of the Republic.” Bompard was addressing the matter involving the Republic’s President. Bompard was considering the matter at that moment.

The head of the National Rally, the party with the most Assembly seats, Marine Le Pen said that “the pressure on the President of the Republic will intensify” but did not demand Macron’s resignation. This happens even though she refrained from advocating Macron’s leaving.

On the other hand, Macron has rejected these demands and declared that under his government there would not be any further legislative elections. The French constitution states that should their administration be ousted by the National Assembly or should the National Assembly decide to dissolve the government, a president is not obliged to retire.

“I will execute that mandate; I was elected to serve until 2027,” he said to reporters earlier this week. “I will totally meet that mandate.” “I will fulfil that mandate.”

The constitution says that fresh legislative elections cannot take place before July. For those assigned policy formulation, this might cause an impasse.

Political unrest has heightened worries about France’s economy, especially with relation to the national debt, which, should significant action not be taken, may equal seven percent of GDP.

The collapse of Barnier’s government could cause a rise in French interest rates, therefore aggravating the debt load of the country. This is grounded in analysts’ evaluations.

SOURCE: VA

SEE ALSO:

Keir Starmer Rejects Meeting With WW2 Veteran Over Her Frozen Pension

UnitedHealthcare’s CEO, Brian Thompson, Was Shot And Killed In New York.

 

Continue Reading

Trending