11–20 of 74 posts
The EU subsidized Airbus, which hurt the American company, Boeing. Therefore, all Americans have to pay 25% more for european wines, cheeses, and whiskey. How does this make any sense?
It’s more tangible than adding a tariff to some obscure machine part because it becomes a pride thing. Also politicians of every country are acutely sensitive to the needs of their farmers.
I think this could be a good moment for us to pause our consumption a bit, and think about buying only what we really need. Not just because of the tariffs but as a signal that we as consumers can pull back when necessary.
My needs are very simple, my wants and expectations are more complicated.
I'm not saying that everyone should expect to have what they want, but expecting the world to survive on what they need is unrealistic.
The EU subsidized Airbus, which hurt the American company, Boeing. Therefore, all Americans have to pay 25% more for european wines, cheeses, and whiskey. How does this make any sense?
He wants to target farmers because it’s an emotional play against a specific country’s exports... It’s more tangible than adding a tariff to some obscure machine part because it becomes a pride thing. Also politicians of every country are acutely sensitive to the needs of their farmers.
Does the U.S. president claim that the Chinese are paying the tariffs on the EU products too ? I still can't tell if our all tactics and no strategy president understands how tariffs works.
The EU subsidized Airbus, which hurt the American company, Boeing. Therefore, all Americans have to pay 25% more for european wines, cheeses, and whiskey. How does this make any sense?
Drops demand for same items, hurting the producers and the countries they're based in, while maybe also diverting consumer money to domestic alternatives (or at least other countries that aren't quite so tariff'd). Right? Not siding with the tariffs, but that's the idea, no?
It’s amazing to me the EUs solution to this is to increase tariffs themselves (at least that’s their threat). It would be much cheaper to just stop subsidizing airbus or reduce it to a level where it’s not undercutting Boeing (which is the real target).
The EU subsidized Airbus, which hurt the American company, Boeing. Therefore, all Americans have to pay 25% more for european wines, cheeses, and whiskey. How does this make any sense?
Regarding the effective price increase, it would likely be shared between consumer and producer.
Truly, most of us will just switch from scotch to bourbon until this is cleared up (which is the purpose).
Note, This is a WTO imposed fine basically. The WTO sided with the U.S. when it claimed the EU subsidized Airbus with below market rate loans. The US won the case. The outcome is basically this. It’s amazing to me the EUs solution to this is to increase tariffs themselves (at least that’s their threat). It would be much cheaper to just stop subsidizing airbus or reduce it to a level where it’s not undercutting Boeing…
They can also apply tariffs based on the fact they didn't do so last time they won a case against the US and Boeing:
https://leehamnews.com/2019/09/29/eu-ready-to-instantly-reta...