Vail, AZ
Quoted from JodyG:The new EU tariff is in retaliation to the US giving unfair government subsidies to Boeing, which hurt Airbus in the EU. The US imposed a 25% tariff on some EU items like certain alcoholic beverages, with threats to go to a 100% tariff on those items. The new 25% EU tariff is just another escalation in the overall war. Hopefully cooler heads will prevail.
https://www.bloomberg.com/news/articles/2020-11-09/eu-gives-green-light-to-trigger-4-billion-tariff-strike-on-u-s
The article said this tif has been going on for 16 years. Wasn’t the original issue from the US that Airbus is partially owned by the French government and thus able to unfairly subsidize them? Is that still the case? With Boeing able to get huge loans right now at near zero interest I don’t know that there’s much of a difference.
Either way, the EU side said they will cancel theirs if the US cancels theirs, so it might have a simple way to end the whole issue.
