Earlier quoted context omitted.
Yes, because history shows that trade wars are good and easy to win!
You may want to tell that to France.
Do you disagree that tech companies should pay taxes for the money they gain in a country?
Airbus hit as new US tariffs come into force
71–80 of 219 posts
Re: Airbus hit as new US tariffs come into force
#72Earlier quoted context omitted.
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!
What if the trade war was already going on, and we just refused to fight it? I think that only benefited a few people. The Walton family, for example.
If other countries are propping up their industries, and we fail to respond, that's a disadvantage. There are also national security concerns. It's not all of one or the other, but there may be a balance and that's worth exploring further, I think.
Re: Airbus hit as new US tariffs come into force
#73Earlier quoted context omitted.
Doesn't the EU already have very high tarriffs on a lot of things imported from the US? Cars for example?
I recall that when Trump started taxing European steel, the EU looked for companies in Republican states that were seen positively by Trump supporters and sniped them with extremely specific tariffs. Harley Davidson was one of these companies. They weren't doing well before they got caught in the middle of this trade war, since the "biker" culture it aimed at was shrinking globally, so in a move to survive they decid…
> killed Harley Davidson in retaliation
Their stock price (even over five years) doesn't appear to reflect this.
Re: Airbus hit as new US tariffs come into force
#74"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…
That's fine. With the tariffs China has slapped on American (93%) and Australian (200% !) wine Europeans have what is now the largest international market (and growing) all to themselves. In fact the US have tried to prop up (and placate) their wine producers since that because the Chinese market completely dried up for them. So I see these tariffs on European wine as killing two birds with one stone for the US gover…
The US has screwed itself so badly in the international arena it's not even funny.
It's gone from leading the world to being able to barely find 1-2 supporters in UN resolutions. I mean, it can barely find 2 countries of the tens of countries with populations smaller than Staten Island to support its resolutions in the UN.
The major problem for the US is that the administration has declared war on everyone, including allies. So it doesnt find any support, even from allies, because even if they agree with the US's action, they are worried that it will come back to bite them.
A classic example of this is that Trump spend years railing about China but only imposed tariffs on them more than 2 years into his administration. In the meanwhile, within months of assuming office, he had already imposed tariffs on Japan, much of Europe, Canada, Australia, etc...basically, all allies. So when time came to impose tariffs on China, none of the American allies were prepared to support the US, which meant the US had to go alone in imposing tariffs that turned out to be pretty ineffectual (China's net exports to the US are higher than ever) and further, have damaged US exports to China considerably by forcing them to find alternatives to American supplies (Brazil for soyabeans as an example, which had the wonderful knock on side effect of accelerating the destruction of the Amazon...).
Re: Airbus hit as new US tariffs come into force
#75"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.
Let me rephrase it for you:
"If you don't let us steal every bit of income we can while operating in your countries where your local companies don't have a value larger than the GDP of Switzerland or Mexico, then we will get angry at you for figuring out ways to make them pay the taxes they should pay. So we'll make sure to prop up our Boeing that is failing due to issues unrelated to you, and we'll slap random luxury goods taxes on it for some luck"
That's petty alright.
As pointed out elsewhere, the EU put taxes on Harley Davidson a few years back following the taxes on steel from the US. That was petty too.
FWIW same thing happened with Canada in the last few years with new tariffs both ways. Mostly petty too.
Maybe one day we'll figure out ways to try and nurture making everybody grow together rather than making everybody lose more. For all its faults, the EU is an attempt at that (internally, because we've got to start somewhere).
Re: Airbus hit as new US tariffs come into force
#76Looking at the list https://en.m.wikipedia.org/wiki/List_of_exports_of_the_Unite... there is nothing the US had that Europe can't get somewhere else. And no Wonder USA imposes tax on Europe since the country is absolutely economically fucked.
Perhaps reading the article instead of just pulling stuff out of nowhere would be helpful to making a salient point.
This has nothing to do with economics, which the USA is still doing better on a measure of GDP than then EU, hell even California alone does better than everyone but Germany.
It’s a tit for tat retaliation since the only tech companies France wants to tax so heavily are American.
Re: Airbus hit as new US tariffs come into force
#77Earlier quoted context omitted.
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!
American wealth and prosperity is higher than it's ever been.
If the vast majority of Americans are not benefiting from it, it's because of the concentration of wealth within US driven by domestic American policies, more than anything else.
Re: Airbus hit as new US tariffs come into force
#78"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 thought that by merging in the EU you would be a giant who would "balance the US and China" ? :)
Oh by the way, note that by leaving the EU, the UK is effectively NOT impacted by those, ie. it is a direct trading advantage.
Re: Airbus hit as new US tariffs come into force
#79Let's just say hypothetically the French government was propping some serious money into Airbus and wine industry that makes the United States not able to compete at all. What is the most effective way for the US to respond? Prohibit imports? Slap tariffs like now? Buy a serious amount of Euros? Pump even more money into the US industry? Or some sort of other alternative?