Hopefully US and EU relations will improve in the coming years. Performing these type of actions between such close allies is just mind boggling.
Airbus hit as new US tariffs come into force
31–40 of 219 posts
Re: Airbus hit as new US tariffs come into force
#32Earlier quoted context omitted.
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
Well yes, but this way you're only giving welfare to some highly skilled people (plus useless execs) who also happen to be useful in wartime. Not the kind of people you want to loose long term.
The EU also subsidizes Airbus, agriculture and other critical industries.
Re: Airbus hit as new US tariffs come into force
#33"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.
US tech companies had about 10 years to properly pay their taxes, if anything, the US government should be happy it's happening so late.
Re: Airbus hit as new US tariffs come into force
#34"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…
If you punch the US in the gut with tariffs you may get reciprocation.
Yes, because history shows that trade wars are good and easy to win!
Re: Airbus hit as new US tariffs come into force
#35"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…
I expect Biden to photocopy the Trump trade agenda, and all indications are he will do exactly this. Not just with the EU, but China as well. Boeing is a major employer, union stronghold (still), and in rough shape. It would be political suicide for Biden to throw them under the (Air)bus just to blanket-reverse every Trump-era policy.
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Re: Airbus hit as new US tariffs come into force
#36Earlier quoted context omitted.
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.
>The US is angry about it, since all the major tech companies happen to be american.
And chineese. This new Whatsapp thingy would have been another disaster in Europe if we were not protected by the RGPD.
Re: Airbus hit as new US tariffs come into force
#37Re: Airbus hit as new US tariffs come into force
#38"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…
>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!
Didn't the EU do the same thing with their retaliatory tariffs a few years ago? They were taxing some uniquely "american" goods, eg. harley davidson motorcycles.
Re: Airbus hit as new US tariffs come into force
#39"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…
Doesn't the EU already have very high tarriffs on a lot of things imported from the US? Cars for example?
I mean this is something people from both sides can agree with Trump on. The world has been taking the USA for a ride when it comes to trade. The EU is really defensive , and will protect its industry above else. It does also bully smaller countries (like Tunisia, stop illegal immigration or we reduce trade, etc...); but the US gets most of the bad press.
Re: Airbus hit as new US tariffs come into force
#40Is this an attempt to prop up Boeing from collapse? Really lame solution if so.
Boeing will never be allowed to collapse as it's the US's only competitor to Airbus and a major defense contractor.
Should just nationalize it then. Otherwise propping up a company like that is anti-freemarket.