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Airbus hit as new US tariffs come into force

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Re: Airbus hit as new US tariffs come into force

#11

Post by Jonnax »

asciident wrote: post #6
BFatts wrote: post #3

Tariffs don't hurt the producer as much as the consumer. But stupid politicians will tell you otherwise because they think they are smart!

Can you explain this a bit more? If there's a tariff on a component, wouldn't the buyer look for cheaper domestic replacements? So maybe a mix of both -- they pay more in the short term, but it gives domestic suppliers a better chance to win the business over the long term?

It depends on whether there's a local alternative and whether it's desirable.

The key thing is whether the product is fungible.

A Boeing part isn't going to be useful to repair an Airbus owned by a US carrier.

Re: Airbus hit as new US tariffs come into force

#12

Post by jdsully »

cmehdy wrote: post #8

"Among the goods to see an impact from the widened net of additional duty are European made wines, which will attract a 25% duty, and French and German-made aircraft parts, attracting a 15% tax." As a French person, I can't help but feel like there's some sort of personal attack happening there. Wine and airplanes? Hey, I think you guys forgot to tax cheese and sarcasm while you're at it! Let's hope that a new US adm…

They are upset at France taxing tech companies. The targeted attack is very much intentional and intended to be a tit for tat.

Re: Airbus hit as new US tariffs come into force

#13

Post by ohyes »

cmehdy wrote: post #8

"Among the goods to see an impact from the widened net of additional duty are European made wines, which will attract a 25% duty, and French and German-made aircraft parts, attracting a 15% tax." As a French person, I can't help but feel like there's some sort of personal attack happening there. Wine and airplanes? Hey, I think you guys forgot to tax cheese and sarcasm while you're at it! Let's hope that a new US adm…

We’re American, we only allow bud light lime, velveeta, and sparkling turbojets.

Re: Airbus hit as new US tariffs come into force

#14

Post by rationalfaith »

cmehdy wrote: post #8

"Among the goods to see an impact from the widened net of additional duty are European made wines, which will attract a 25% duty, and French and German-made aircraft parts, attracting a 15% tax." As a French person, I can't help but feel like there's some sort of personal attack happening there. Wine and airplanes? Hey, I think you guys forgot to tax cheese and sarcasm while you're at it! Let's hope that a new US adm…

It's a sad state of affairs indeed. It is is annoying that tax companies will be taxed so aggressively.

There's a middle ground in a lot of things but it seems like Europe is becoming very antagonistic with aggressively taxing US tech companies.

Re: Airbus hit as new US tariffs come into force

#15

Post by NullPrefix »

ppeetteerr wrote: post #5
whalesalad wrote: post #2

Is this an attempt to prop up Boeing from collapse? Really lame solution if so.

I don't disagree. One thing that came to mind the other day, as I remembered how a family member of mine lost their job at a national airplane company. Their job prospects were very slim and required moving across the country. The industry is very specialized. I dislike tariffs as much as the next globalist but I do feel for family. Conflicted, you might say.

This sounds like welfare with extra steps

Re: Airbus hit as new US tariffs come into force

#18

Post by belval »

ppeetteerr wrote: post #4

If this is similar to the old tariffs, it affects only new aircraft. Some airlines were already buying Airbus planes from Europe and flying them in South America long enough for the planes to be considered "old" so that they may be excluded from the tariffs.

You have to admire the out-of-the-box and absurdity of that solution. Someone actually sat in an office and realized he could save money by letting aircrafts decay in South America before using them.

Re: Airbus hit as new US tariffs come into force

#19

Post by akmarinov »

larrik wrote: post #10
whalesalad wrote: post #2

Is this an attempt to prop up Boeing from collapse? Really lame solution if so.

It's to penalize AirBus for being propped by France and Germany, supposedly. Wine and liquor got caught up in the mix somehow too.

It's all due to digital taxing companies like Apple, Google, Amazon.

France put in a 3% tax on digital services, some other countries did it as well. The EU as a whole plans to do a 3% tax on all digital services in 2021.

The US is angry about it, since all the major tech companies happen to be american.

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