Live data from Hacker News

Airbus hit as new US tariffs come into force

simpleflying.com

151–160 of 219 posts

Re: Airbus hit as new US tariffs come into force

#153
post #23
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…

if we import the wines and the airplanes, the next most French thing to import would be revolution. I suspect that is the problem. The US isn't very interested in good cheese or pointed sarcasm, its challenging to the palate.

I hope these good revolutionaries will find fine cheese, wine and ethically sourced gourmet food consuming bourgeoisie activists, especially those at tech companies, to be eminently suitable for summary execution in first round.

Re: Airbus hit as new US tariffs come into force

#154
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…

Ahem! https://www.nytimes.com/2019/11/01/dining/best-cheese-rogue-...

I heard they have good wine and apples, too ;->

Liberté, Égalité, Puérilité!

/me just shrugs and thinks more and more of Idiocracy, Planet of the Apes, and so on.

Re: Airbus hit as new US tariffs come into force

#155
post #116
post #113

Earlier quoted context omitted.

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.

No, I mean in fairness, no tariffs is about as fair as it gets as far as trade goes. There are good reasons to impose tariffs otherwise. Slavery is a good reason, and the counterparty-country being a communist dictatorship is another good reason. You want to start a list?

More generally, I think you could call tariffs "fair" that seek to keep companies in your market from being punished by compliance with the regulatory environment. In an increasingly "liquid" global trade market, tariffs can let you regulate businesses in your country to a higher (read: more expensive) standard (be it to protect labor, the environment, consumers, shareholders or IP) while protecting the compliant business (and industry as a whole) from being undercut by competitors in countries that don't have those protections.

If effective, there can be a second order effect that pressures other countries to raise their standards as well.

Re: Airbus hit as new US tariffs come into force

#156

Earlier quoted context omitted.

It's genius. French wines are consumed by a tiny portion of Americans, so it basically only affects a small slice of people who don't care if it costs a bit more.

That’s BS. Plenty of people care that it costs more. It also hurts American distributors of French wine as well, many have had their businesses suffer as a result of this stupid trade war.

Wine is weakly fungible. Specific wines, not so much, but I believe that the category of French wines can be effectively cross supplied by domestic American. Demand for wine should, in theory, shift there.

Re: Airbus hit as new US tariffs come into force

#157
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…

Customers of airlines that already own Airbus planes will pay the tariffs, and they aren't particularly going to stop flying them over the prices of parts, so… Wine is probably less directly pointless to charge a tariff on, but if the tariff is on the import price, it won't particularly be a big piece of the retail price, and it will be paid by the person buying the wine. We are taxing ourselves to own the French!

there is no reason to reduce tariffs in the immediate future and tariffs are typically a long term function for them to work. the true winners of this is embraer, Bombardier, and a few others.

Driving a wedge between us, eu is laser focused by many non eu, us companies due to the amount of possible market share gain. China is coming out with their own air transport company as well as a few other industries.

So really it is US, EU vs the world in some of these interests.

Re: Airbus hit as new US tariffs come into force

#158
post #116
post #113

Earlier quoted context omitted.

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.

No, I mean in fairness, no tariffs is about as fair as it gets as far as trade goes. There are good reasons to impose tariffs otherwise. Slavery is a good reason, and the counterparty-country being a communist dictatorship is another good reason. You want to start a list?

It is an unfair requirement that goods produced in your state be made with fairly compensated labor, if there is no similar requirement on goods consumed in your state.

Re: Airbus hit as new US tariffs come into force

#159
post #116
post #113

Earlier quoted context omitted.

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.

No, I mean in fairness, no tariffs is about as fair as it gets as far as trade goes. There are good reasons to impose tariffs otherwise. Slavery is a good reason, and the counterparty-country being a communist dictatorship is another good reason. You want to start a list?

How about forced labor for inmates?

Re: Airbus hit as new US tariffs come into force

#160
post #159
post #116

Earlier quoted context omitted.

No, I mean in fairness, no tariffs is about as fair as it gets as far as trade goes. There are good reasons to impose tariffs otherwise. Slavery is a good reason, and the counterparty-country being a communist dictatorship is another good reason. You want to start a list?

How about forced labor for inmates?

Add it to the list, but I think that’s encompassed in “slavery”.
Post reply on HN