WTO rules A380 unfairly subsidised
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WTO rules A380 unfairly subsidised
The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU.
It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for planemakers Airbus and rival Boeing.
The ruling by the World Trade Organisation could mean tariffs on EU goods ranging from aircraft parts to luxury goods and shellfish.
https://www.bbc.co.uk/news/business-49906815
https://www.gov.uk/government/news/u...ling-on-airbus
It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for planemakers Airbus and rival Boeing.
The ruling by the World Trade Organisation could mean tariffs on EU goods ranging from aircraft parts to luxury goods and shellfish.
https://www.bbc.co.uk/news/business-49906815
https://www.gov.uk/government/news/u...ling-on-airbus
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So let’s see what amount the EU is allowed to put on Tarifs for the unfair subsidies Boeing received.
Should be in the same range.
„The WTO had already found that both Europe's Airbus and its U.S. rival Boeing received billions of dollars of illegal subsidies in the world's largest corporate trade dispute, a legal marathon dating back to 2004.“
https://www.theguardian.pe.ca/busine...00-gmt-359106/
Should be in the same range.
„The WTO had already found that both Europe's Airbus and its U.S. rival Boeing received billions of dollars of illegal subsidies in the world's largest corporate trade dispute, a legal marathon dating back to 2004.“
https://www.theguardian.pe.ca/busine...00-gmt-359106/
Well covered on Leeham News last week:
https://leehamnews.com/2019/09/29/eu...rbus-wto-case/
https://leehamnews.com/2019/09/30/eu...n-outstanding/
TL;DR If the USA imposes any tariffs, the EU already has the WTO-given right to retaliate.
Does the US Government really want to open a second front in the trade war?
https://leehamnews.com/2019/09/29/eu...rbus-wto-case/
https://leehamnews.com/2019/09/30/eu...n-outstanding/
TL;DR If the USA imposes any tariffs, the EU already has the WTO-given right to retaliate.
Does the US Government really want to open a second front in the trade war?
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Well said. But that is just deserved, thats what you get for never standing for your supposed principles, as "the West" does.
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that's not what I was getting at, BA operated them at a significant profit for years, hell, they spent millions re-furbishing them not long before Airbus pulled the plug.
As for manufacture, once the US effectively banned it, the whole case for it fell apart and the orders received disappeared, we will never know what it could have been had politics, the 73-74 market crash and oil crisis.
Despite the WTO ruling there will always be some who claim that US planemakers are unsubsidised, based on financials alone and ignoring all the other ways a government can support its domestic industries. The USAF could be operating a fleet of highly capable Airbus tankers by now were it not for the politically-driven switch to an inferior Boeing product. (Yes, the KC30 exceeded the requirements by some margin, but it works. How much of the cost difference has now been poured into fixing the KC46?) Plenty of European nations operate US military kit but you’d be hard pressed to find many examples of the reverse. This is subsidy by another name. And as for the savings Boeing made on design and certification of a new aircraft with FAA (= US Government) complicity in the 737MAX saga, well, that was going pretty well until the crashes. I’m not saying Europe is innocent, by the way: clearly it’s not. But enough already with protestations of US free market purity.
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How many realize that Airbus 'research, development, and initial production loans at preferred rates have a neat clause that if sales-deliveries do not meet certain pre planned targets by certain dates, the remainder of unpaid loans gets forgiven ?
Now try to find the equivalent for Boeing ..
Now try to find the equivalent for Boeing ..
How many realize that Airbus 'research, development, and initial production loans at preferred rates have a neat clause that if sales-deliveries do not meet certain pre planned targets by certain dates, the remainder of unpaid loans gets forgiven ?
Now try to find the equivalent for Boeing ..
Now try to find the equivalent for Boeing ..