181–190 of 219 posts
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I hope we can one day talk about cheese on HN. That entire industry survives on tariffs and government handouts.
I think it does in every country.
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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.
When your biggest customer is the government, it's a more stable approach than the half-assed privatized approach which really means more corruption.
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That would be the new world narrative yes. However, the word comes from the Greek σαρκασμός (sarkasmós) which is taken from σαρκάζειν (sarkázein) meaning "to tear flesh, bite the lip in rage, sneer"[0] Greece being in the EU, I think the EU has a pretty good claim to it! Alternatively, the English version of the word is definitely coming from the UK. Admittedly, most of the dry wit in the world comes from the perfidi…
Ahh, but it's never really been about where a particular thing arose, has it? Few people think wine or cheese were invented in the EU. It's about where they have taken on a distinct form and become essential to the culture. I fear you are correct in that the UK has a strong claim on all counts here. That said, I think the Ohio River Valley has a distinctive form of sarcasm to the bone-dry wit of Albion.
How are goods valued when it’s transferred across borders within the same organization? Parts from France to be assembled in Alabama aren’t necessarily “sold” so don’t need a value. How are tariffs calculated then?
Airbus Americas, Inc. headquarters is located in Herndon, Virginia. The parts are 100% sold.
What does the United States do when facing the challenge of dealing with a rising China ? Alienate the EU by placing tariffs on them driving them right into the arms of China. Looking at recent events it really does seem like the US is losing its way.
Honestly, I'm surprised it took this long following the WTO ruling: https://www.cnbc.com/2019/10/02/wto-rules-in-favor-of-us-in-...
"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…
And is it possible the EU settled this trade dispute, because it established precedence for ruling on these kinds of trade disputes..
I'm not expert on this, but recalling here this tale told in a different light.
In either case, as a European I'm not sure I mind tarriffs as a response to unfair subsidies when the subsidy practice has been ruled unfair by WTO.
That door swings both ways. And if we've been unfairly subsidizing airbus I guess this is fine.
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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 bus…
The fairest trade is where two people walk away after an exchange with both people feeling like they made out well in that exchange. Tariffs are a form of state interference in these exchanges because to import my fancy cheese, I have to pay more than the fair market value and shipping costs, I have to pay for a tariff as well. I just want my fancy cheese to go with my domestic wine, I don’t want to pay more than I have to for it.
Now if the tariffs on both sides of the metaphorical pond sum out to zero so that imports on both sides paid about the same in tariffs, that’s fair, but that’s rare. Tariffs aren’t about fairness though.
Now if you want to impose tariffs to be fair to the businesses operating in your regulatory environment, well that’s fair, but that’s a different type of fairness obliging a different set of entities.
To be clear, I’m not anti-tariff. My priorities might be different, and all other things being equal I prefer no tariffs to tariffs by default, but let’s not pretend they’re intended to make trade fairer. They’re revenue first, retribution second (these last two may have flipped in the 20th century, but that’s a separate argument to have), and all other effects are tertiary.
"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…
"In 2004, the US argued that the French, Spanish, British and German governments had handed out loans to Airbus at interest rates well below market standards. The WTO ruled in favor of the US and decided that, as compensation for the damage caused to the US aviation industry, Washington could impose as much as $7.5 billion (€6.34 billion) worth of European exports. The decision principally affected products from Germany, the United Kingdom, France and Spain."
https://english.elpais.com/economy_and_business/2020-08-13/u...
Lest we forget that EU also has high tariffs on US cars, and other exports.
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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.
For the majority of the population, maybe. But for people that actually care about wine, this couldn't be farther from the truth. It's kind of like saying that domestic American whiskeys are roughly equivalent to Scotch.
What does the United States do when facing the challenge of dealing with a rising China ? Alienate the EU by placing tariffs on them driving them right into the arms of China. Looking at recent events it really does seem like the US is losing its way.
It's a long series of tit-for-tat tariffs and subsidies. Not particularly novel and has persisted between multiple administrations. Honestly, I'm surprised it took this long following the WTO ruling: https://www.cnbc.com/2019/10/02/wto-rules-in-favor-of-us-in-...