World News and Trends: Trade war coming between Europe and the United States?
Threats of a trade war between America and the European Union have emerged from time to time over the last 50 years. But so far all potential outbreaks have receded.
Threats of a trade war between America and the European Union have emerged from time to time over the last 50 years. But so far all potential outbreaks have receded.
The latest incident revolves around EU reaction to presidential candidate Hillary Clinton's stated intentions to review America's main economic treaties, even including NAFTA (the North American Free Trade Agreement) with Canada and Mexico. She has reportedly called for "measures to 'shelter' US companies from foreign investors" (The Daily Telegraph, Jan. 25, 2008).
Mrs. Clinton said: "We just can't keep doing what we did in the twentieth century. We have to drive a tougher bargain" (ibid.). EU Trade Commissioner Peter Mandelson reacted sharply by retorting: "The things she's been saying reverberate around the world . . . People in the current administration tell me the US is turning into a protectionist country. It is a serious concern" (ibid.).
These trade tensions continue on several fronts. For instance, The Wall Street Journal (Jan. 15, 2008) stated that "the U.S. said it will retaliate with trade sanctions unless European countries reverse illegal bans on planting genetically modified crops, threatening escalation in the long-running trans-Atlantic dispute over engineered foods."
Bible prophecy indicates that these recurrent trans-Atlantic tensions could eventually develop into a full-scale trade war as events move us toward the end of this age. (Sources: The Daily Telegraph [London], The Wall Street Journal.)
An Article from:
Good News Magazine: March - April 2008
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Jerold Aust
Jerold Aust has served in the ministry for 52 years, as a public speaker for 58 years, a published writer for 38 years, and is employed by UCG’s Media and Communications Services. He is a Senior Writer, interviewer, and editor for Beyond Today Magazine and has taught Speech Communication for UCG’s ministerial online program and the Book of Revelation for ABC.
Jerold holds a BA in theology from Ambassador College, Pasadena (1968), an MA in Communication from California State University, Fullerton (1995), a distance-learning Ph.D (2006), and a Famous Writers School diploma in non-fiction writing (1973). Additionally, he studied post-grad communication at University of Southern California (1995), radio, TV, voice-overs, and Public Relations at Fullerton College (1995-1996), and graduate communication at Wichita State University (1978). Jerold has taught communication at the University of South Alabama (7 years) and ABC (17 years). His published works include, Ronald Reagan’s Rhetoric: Metaphor as Persuasion and EZSpeakers: Public Speaking Made Easy in 7 Steps. Jerold's overarching goal is to share with humankind its incredible destiny!
John Ross Schroeder
John died on March 8, 2014, in Oxford, England, four days after suffering cardiac arrest while returning home from a press event in London. John was 77 and still going strong.
Some of John's work for The Good News appeared under his byline, but much didn't. He wrote more than a thousand articles over the years, but also wrote the Questions and Answers section of the magazine, compiled our Letters From Our Readers, and wrote many of the items in the Current Events and Trends section. He also contributed greatly to a number of our study guides and Bible Study Course lessons. His writing has touched the lives of literally millions of people over the years.
John traveled widely over the years as an accredited journalist, especially in Europe. His knowledge of European and Middle East history added a great deal to his articles on history and Bible prophecy.
In his later years he also pastored congregations in Northern Ireland and East Sussex, and that experience added another dimension to his writing. He and his wife Jan were an effective team in our British Isles office near their home.
John was a humble servant who dedicated his life to sharing the gospel—the good news—of Jesus Christ and the Kingdom of God to all the world, and his work was known to readers in nearly every country of the world.
