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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

#141

Post by [deleted] »

icare_1er wrote: post #78
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…

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.

[deleted]

Re: Airbus hit as new US tariffs come into force

#142

Post by munificent »

MattGaiser wrote: post #45
belval wrote: post #18

Earlier quoted context omitted.

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.

Laws create absurd situations. In Canada, it was cheaper for pizza companies to buy cheese with pepperoni from the US than buy cheese here. https://www.betterfarming.com/online-news/feds-close-pizza-c...

In the US, imported Ford Transit vans go through customs, and then the rear seats, seat belts, and windows are torn out. All to avoid a tarriff instituted by Johnson in the 60s to retaliate against Europe for instilling tarriffs to avoid the US dumping cheap chickens on them.

https://www.washingtonpost.com/business/economy/the-strange-...

Re: Airbus hit as new US tariffs come into force

#143

Post by Jochim »

ouid wrote: post #113
SllX wrote: post #92

Earlier quoted context omitted.

Trade wars aren’t about fairness, they’re about leverage. Fairness would be no tariffs at all and no taxes that effectively act as tariffs because there’s no comparable domestic competition. Life isn’t fair though.

I don't know about no tariffs beig the fairest model. One reasonable thing to impose tariffs on is products made with slave labor, or labor paid at less than the minimum wage in your own country. The benefits are twofold, disincentivizing slave labor in other countries, and incentivizing local supply.

> One reasonable thing to impose tariffs on is products made with slave labor,

Surely products made with slave labour should be banned outright?

Re: Airbus hit as new US tariffs come into force

#144

Post by idiot900 »

whalesalad wrote: post #2

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

I don't know, but it's a complicated question since Boeing uses European suppliers (e.g. Safran) and has its own manufacturing operations in Europe.

Edit: Actually, the factory I'm referring to is in the UK.

Re: Airbus hit as new US tariffs come into force

#145

Post by brummm »

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.

I don't think wine is seen as a luxury good in most of Europe. Pretty big part of the local culture in most countries (at least France, Spain, Germany, Italy).

Re: Airbus hit as new US tariffs come into force

#146

Post by daemin »

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.

I guess that means good news for Australian wine producers, since they can move the inventory designated for China to the USA as there should be some more demand for it.

Re: Airbus hit as new US tariffs come into force

#147

Post by Kalium »

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!

Unless it comes from the proper region of the Ohio River Valley, I'm afraid it's just dry sparkling wit.

Re: Airbus hit as new US tariffs come into force

#148

Post by naruvimama »

amanaplanacanal wrote: post #29
ChuckNorris89 wrote: post #21

Earlier quoted context omitted.

The tax is a countermeasure for the loopholes tech companies use to avoid paying tax here.

I suggest fixing the loopholes.

The EU has to come to terms with it. The EU consists of small countries each of which have a long tradition of being the safe house of dictators, black/drug/war/bribe/stolen money, shell companies, tax havens.

None of them want to give up these privileges, until now that is. Now that these are starting to have an impact at home, they have just started cleaning up.

Re: Airbus hit as new US tariffs come into force

#149

Post by mytailorisrich »

hyperman1 wrote: post #134
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…

Interesting that it happens with France and wine. Not so long ago France decided to raise VAT on (Belgian imported) beer but not on (France fabricated) wine. Of course that had absolutely nothing to do with protectionism.

Except they did nothing of the sort.

They just decided to tax all alcoholic beers as alcohol, and thus the same as wine. Before that beers with very low alcohol content were treated as non-alcoholic beverages, which enjoy a lower VAT rate.

Makes no difference to Belgian beers, and France does produce quite a bit of beer as well (same or more than Belgium).

Re: Airbus hit as new US tariffs come into force

#150

Post by runako »

brummm wrote: post #145
evgen wrote: post #53

Earlier quoted context omitted.

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.

I don't think wine is seen as a luxury good in most of Europe. Pretty big part of the local culture in most countries (at least France, Spain, Germany, Italy).

I think they meant in the country imposing the tariff. Wine is definitely perceived as more of a luxury good in the US than it is in Europe.
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