Global News’ Post

Everyone has a plan...Until you get punched in the face... While I appreciate the "pluck" of the Canadian Government in wanting to deal with the Trump administration, I see the conversation (tough talks I believe they have called them) going like this: Canada: We are ready for Tough Talks! US: Who? Canada: We're Canada, Like California but with 45% less GDP. US: Oh Right. Aren't you a minority government with record low popularity and going to the polls any day? Canada: That's Us! Let's Talk Tough! US: We'll wait thank you. Maybe I'm wrong? This note has nothing to do with my opinion on the state of US politics, or my Canadian political beliefs. What this note is about, is the importance of Canadians voting. This is about Canadians choosing a political direction so that we can advance the Canadian Agenda - both internally and externally. Maybe there is value in waiting to call an election, or maybe there isn't. I just feel there is so much we need to work on right now.

Latin America is bracing itself for a second Trump presidency. This time, Trump will be more organised and able to push through also his more extreme ideas. This means harsher US migrant and trade policies are definitely in the cards in the coming 4 years. Does it mean Latin America can only lose? Not necessarily… Read more about it in my recent analysis: https://lnkd.in/euyqKyhQ

Spanish Prime Minister Pedro Sanchez made an embarrassing U-turn today, withdrawing his support for the European Commission's plan to impose duties on imported electric vehicles from China, a day after meeting with President Xi Jinping in Beijing. Less than two months ago, in a non-binding vote on the duties, Spain backed the Commission. Speaking at a news conference near Shanghai, Sanchez made clear that he had changed his mind: "I have to be blunt and frank with you that we need to reconsider all of us, not only member states but also the Commission, our position on this." We can't know what carrots Xi offered Sanchez or what sticks he threatened him with during their meeting. But reversing course on a policy issue that is so central to European credibility and leverage with Beijing so late in the game, and during a trip to China to boot, is a damning indictment of Sanchez's foreign policy mettle and sophistication. In July, Italian Prime Minister Giorgia Meloni made her own trip to China and did not buckle in the face of what was surely a similar arsenal of carrots and sticks from Xi. The Spanish reversal does not mean that the duties won't go ahead. France, Italy, Poland and The Netherlands are all in favour. And Germany's government is divided, raising questions about whether Berlin can formally oppose them. But if the Sanchez about-face has a domino effect in other capitals, it has the potential to undermine the Commission's case. At the very least, it increases the pressure on European Commission President Ursula Von der Leyen and her trade negotiators to do a deal with Beijing to avert a trade conflict. All eyes will now be on the visit next week to Brussels and Berlin by China's Minister of Commerce Wang Wentao. The EV case is a litmus test of the EU's China policy. If the Commission is forced to back down, under pressure from member states, it would be a devastating setback after years in which Brussels has painstakingly nudged European capitals towards a more realistic view of China and the formidable economic and security challenges it presents for Europe. It would also put Europe at odds with the US and other G7 partners that are moving more aggressively to protect their home-grown car industries from cheap, subsidised Chinese imports. The Spanish word for naivety is ingenuidad. Sanchez showed today that it is alive and well in Madrid.

From Canada to the U.S. to Europe, experts are weighing the impact of Donald Trump's return to power. Here's what think tanks and other policy wonks are saying about the results of the U.S. election: 👉 Trump's proposed tariffs could "undermine global economic growth: economists have warned ... of the inflationary effect tariffs will have and the consequent upwards pressure on interest rates and the dollar," says Bronwen Maddox, Director of Chatham House. 👉 The essence of Trump’s approach to foreign policy remains unchanged — but the context has changed dramatically: "The world today is a far more dangerous place than it was during his first term," writes Peter Feaver, a political science and public policy professor at Duke University, in Foreign Affairs Magazine. 👉 At the C.D. Howe Institute, Stockwell Day writes that some of the fears about a Trump presidency are overblown so long as Canada maintains a respectful relationship: "Mutually beneficial agreements can be achieved, even with a Trump presidency." Read the full story on our website: https://lnkd.in/eM7pckck

The huge problems facing the United States are the fiscal deficit and the current account deficit. The solution is to continue printing dollar, issuing bonds and adding import tariffs, instead of finding answers from its own problems, and continuing to stick to its own "belief", even if the belief has become biased or even mistakes. Stationing troops in 80 countries and participating in multiple wars at the same time, does this help world peace or does it not want world peace? It is true that military operations are indeed the greatest strength of the United States, as well as a major source of income and a means to maintain its global hegemony. Internally, election campaign is everything and votes are crucial. Ironically, the economy and people's livelihood must serve politics... Externally, our dollar but your problem, our problem is your problem, and your problem has nothing to do with me… #uselection #uschinarelations #USA #tariffs #debt #dollar #bias #election #politics #worldpeace #hegemony #internationalrelations

#Kosovo - Expectations in Kosovo from the new American administration - from Albanian private online channel CNA: The leaders in Kosovo, the president, the prime minister and the leaders of all the political parties in Kosovo, congratulated former American President Donald Trump on his victory in Tuesday's elections, expressing hope for the continuation and deepening of cooperation with the United States. President Trump's first term in the White House was characterized by tense relations with the first government of Prime Minister Albin Kurti. The White House secured an agreement for the normalization of economic relations between Kosovo and Serbia, which was signed in September 2020 in the presence of President Donald Trump. The agreement was signed a few months after the collapse of Prime Minister Kurti's first government, which did not agree to US demands for the removal of 100 percent tariffs on Serbian goods that were imposed in November 2018 in response to Serbia's approach to citizenship. Kosovo. The Democratic League of Kosovo, which was part of the government, withdrew from the coalition, leading to the overthrow of Mr. Kurti's government, which was followed by a new government that signed the agreement in Washington. Story continues: https://lnkd.in/e-Skwtu2

Will USMCA survive an upcoming review? A summary of a short comment I made for the Inter-American Dialogue's Latin America Advisor: 🌎 With the looming USMCA review and upcoming national elections in Canada, Mexico, and the United States by 2026, uncertainty hangs in the air. 🔍 Regardless of election outcomes, #Mexico and #Canada are poised to defend the status quo and advocate for adherence to a 517-day old panel decision🧐 that deemed the U.S. interpretation of Regional Value Content (RVC) in the auto sector inconsistent with the #USMCA. 🛡️ On the other hand, the next US administration🇺🇸 is likely to pursue a more aggressive strategy, enforcing stricter trade rules and raising barriers to Chinese 🇨🇳exports and investment 📊📈. 💼 While 🇲🇽🇨🇦's status-quo approach could safeguard the USMCA's double-digit growth in cross-border trade and bolster the 17 million North American #jobs reliant on intra-regional exports (The Brookings Institution), it risks missing opportunities in the rapidly evolving global economy and losing more markets to #China. 🔄 Alternatively, updating the agreement could align it with the changing economic landscape, but it might also jeopardize the region's competitiveness by potentially increasing costs and preference for USMCA over WTO tariffs Earl Anthony (Tony) Wayne Dan Ciuriak 🚗 Confusion surrounding regional value content in autos is just one of many areas to address. Without written confirmation from all countries to continue the agreement, the USMCA could expire in #2036.🤯🧨 📉 An unsuccessful #review in 2026 may not end North American trade, but it could trigger yearly joint reviews, undermining long-term investments and job growth.❌🫰 🌟 Thus, a competitive North America should be prepared to play both offense and defense to ensure its prosperity. 

A drastic Donald Trump campaign promise has got the feds in a frenzy (and no, it’s not about building a really big border wall). Key points: - Over a dozen Canadian diplomats spent last week in Washington meeting with U.S. lawmakers to discuss the implications of a potential Donald Trump presidency. - Their biggest worry? The Republican nominee’s (still vague) campaign trail promises to implement a 10% tax on all imports. - While it’s unclear if the tariff would apply to Canada given its free-trade agreement with the U.S., experts say it's a possibility. Why it matters: Roughly two-thirds of Canada’s global trade in 2022 was with the States. If Trump tries to slap a hefty tax on Canadian imports, it would be a five-alarm crisis for Canada’s economy. https://lnkd.in/eiaEX8rz

#Trump and #Biden agree on essentially nothing, from taxes and climate change to immigration and regulation. Yet on trade policy, the two presumptive presidential nominees have embraced surprisingly similar approaches. Which means that whether Biden or Trump wins the presidency, the United States seems poised to maintain a #protectionist trade policy - a policy that experts say could feed inflation pressures. In their own ways, the two candidates have ditched a U.S. commitment to relatively frictionless trade - low barriers and scant government interference - that were a bedrock of American policy for decades after World War II. The idea was that #freetrade would hold down costs and aid consumers and businesses across the world. In recent years, though, the perception grew that while free trade benefited households and companies, it hurt workers, with American jobs falling victim to cheaper foreign labor. #WorldEconomy #GlobalRivalry #Globalism #Globalisation #Protectionism #Geopolitics #Diplomacy #Geostrategy #CorporateStrategy #Strategy #Politics #WorldPolitics #ForeignRelations #ForeignAffairs #ForeignPolicy #InternationalRelations #TradePolicy #EconomicPolicy #IndustrialPolicy #UnitedStates #POTUS #POTUS48 #AmericanPresidency #PresidentialElection2024 https://lnkd.in/gM7xFhRu

Donald Trump’s second term as president is set to bring transformative changes to key areas of U.S. policy, with an ambitious economic agenda and a strong executive approach. With a strengthened position, a team of loyal advisors, and solid Republican control of both the Senate and the House, Trump is prepared to move in a markedly different direction from previous administrations. This time, his team lacks many of the establishment figures who previously acted as moderating influences. His wide-ranging priorities include significant tax cuts, new tariffs, extensive deregulation, major immigration reforms, and potential challenges to Federal Reserve policy. #trump2024 #uspolitics #economypolicy #tariffs #taxreform #immigration #federalreserve #deregulation #gop #trumppolicies #whitehouse #politicalanalysis