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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

#81

Post by klmadfejno »

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…

As an American, sarcasm doesn't register as something associated with the French to me. Something along the lines of snobbish perhaps.

edit: not condoning either take...

Re: Airbus hit as new US tariffs come into force

#82

Post by r00fus »

evgen wrote: post #53
gruez wrote: post #38

Earlier quoted context omitted.

>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.

Actually, most EU tariffs are rather poorly targeted. China is much better at making sure the pain is felt in very specific states and congressional districts to ensure that the message is delivered. Harleys, like wine, is generally considered a luxury good and so makes an easy target.

What's preventing the EU from being more targeted like this? Is it the collaborative deliberation (EU) vs. single-party rule (CN)?

Is targeted tariffs something the G8/WTC doesn't like/promote?

Re: Airbus hit as new US tariffs come into force

#84

Post by volta87 »

kevin_thibedeau wrote: post #70
volta87 wrote: post #51

Earlier quoted context omitted.

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…

HD was on deaths door anyway even without Trump. They've been playing financial games with production for the past 20 years and their core customers are aging out.

Agreed. The EU tariffs just accelerated HD's decline, but HD dig their own grave long time ago.

HD decision of focusing their brand on a "hardcore biker" culture that has failed (and arguably even alienated) younger customers is what killed the company.

All customers age, but what HD has failed to do is attract new customers at a faster rate than the death rate of their current customers.

Re: Airbus hit as new US tariffs come into force

#85

Post by 8note »

addicted wrote: post #77
grey-area wrote: post #34

Earlier quoted context omitted.

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.

That doesn't have anything to do with trade wars though?

Re: Airbus hit as new US tariffs come into force

#86

Post by volta87 »

echelon wrote: post #73
volta87 wrote: post #51

Earlier quoted context omitted.

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.

That's because the company started dying longer ago.

Their stock price today is around 30$. In the early 2000s it was around 90$.

Also, like the other comment mentioned, HD has been playing a lot of financial tricks over the last 20 years to prevent the stock price from declining (e.g. buy backs to artificially inflate stock price, take a look at the number of outstanding shares: https://www.macrotrends.net/stocks/charts/HOG/harley-davidso... , a reduction from 280 million to 150 million in the 2005-2019 time period).

EDIT: I recommend https://www.youtube.com/watch?v=EOwxxsPaogY for a summary.

Re: Airbus hit as new US tariffs come into force

#87

Post by ChuckNorris89 »

r00fus wrote: post #83
rapsey wrote: post #50

Earlier quoted context omitted.

Freemarkets exist in fairytales.

That doesn't seem to answer why we don't just nationalize it.

Because that's a commie move.

It looks much better when you just keep investing in it. Plus shareholders get to make money off the taxpayers in the process.

Re: Airbus hit as new US tariffs come into force

#88

Post by raxxorrax »

gruez wrote: post #38
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…

>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.

That was symbolic, I think for something Trump did. It probably didn't even had a real impact on Harley Davidson sales in Europe.

It was chosen because many know the brand, escalating a trade war would be stupid for both sides.

Re: Airbus hit as new US tariffs come into force

#89

Post by snarf21 »

gridder wrote: post #66
jdsully wrote: post #12

Earlier quoted context omitted.

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

Except tech companies pay almost 0 taxes in Eu, while wines etc. were already @ 14%, raised @ 25 %. Also tech companies have no competition in the EU, while wines and planes have competition in the US.

It is retaliation against GDPR and tax lawsuits

Re: Airbus hit as new US tariffs come into force

#90

Post by mytailorisrich »

addicted wrote: post #74
mytailorisrich wrote: post #48

Earlier quoted context omitted.

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…

With the Chinese economy growing more important by the day you would think that the US would try to keep trade with Europe (i.e. inter-dependency) as high as possible instead of basically encouraging them to strengthen their relation with China... And as it happens the EU and China have just signed an investment treaty, which goes in that direction.
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