Posted on 10/01/2012 7:10:40 AM PDT by Abathar
PARIS The European Union inched closer to a trans-Atlantic trade war on Thursday, saying that it would seek to impose up to $12 billion a year in sanctions against the United States in retaliation for U.S. government subsidies to Boeing.
The European Commission, the E.U. executive, said it was seeking the sanctions to compensate for the impact of illegal subsidies to Boeing that it said gave Boeing an unfair advantage over its European archrival, Airbus. The move, which follows a similar trade threat against Europe made by Washington this year, is the latest salvo in a seven-year battle over aircraft subsidies.
A World Trade Organization appellate body affirmed in March that Boeing had received at least $5 billion in improper subsidies from the U.S. government to develop the 787 Dreamliner and other aircraft. But in a separate case, the organization found that Airbus had benefited from four decades of improper subsidies from European governments. The W.T.O. ordered both sides to end the subsidies.
(Excerpt) Read more at nytimes.com ...
An where did Airbus get their funding? Oh yeah the govt.
Down payment on the $10s of trillions US tax payser payed for the euro-weenies defense over the past 50 years.
Sell fewer Boeings! That’ll show ‘em!
“The W.T.O. ordered both sides to end the subsidies.”
The UN and any related organization needs to go away.
Any country dumb enough to elect Obama and dumb enough to have a neck and neck race for his re-election, is a country dumb enough to put up with anything - and now the WHOLE WORLD KNOWS!
This is just tit-for-tat for the WTO finding against Airbus. And why are we subsidizing Boeing?
The EU is going broke, state by state, and they want to start a trade war?.............
EXACTLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Pot calling the kettle black. How can people not see these things?
Seriously, Europe is going to lecture someone on subsidies. Just about all European Primary Production is subsidized and entry to their markets restricted. Austalia can do everything cheaper and better but are cut out of their markets - I am sure the same goes for the US. We also make better wine than the French. I am not saying that Aus does not still retain some special trading partners or subsidies but most of them are to keep our producers competitive against dumping or other subsidized nations - a subsidy free enviroment would be best for all especially the consumer.
Mel
Even better, put those giant pumped chemical dye lasers that Raytheon or whoever was putting in the bellies of 747’s not too long ago. Literally “blow the competition out of the sky”. You can’t live with ‘em, so you have to destroy ‘em.
Even better, put those giant pumped chemical dye lasers that Raytheon or whoever was putting in the bellies of 747’s not too long ago. Literally “blow the competition out of the sky”. You can’t live with ‘em, so you have to destroy ‘em.
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