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The US strong protectionism is not through tariffs but through tax incentives, targeted investments hidden as national security contracts and things like "buy a
by nolok 7y ago
The US strong protectionism is not through tariffs but through tax incentives, targeted investments hidden as national security contracts and things like "buy american" acts.
Just because you dress it up doesn't change what it actually is.
- throwaway925 7y ago"The US strong protectionism is not through tariffs but through tax incentives, targeted investments hidden as national security contracts and things like "buy american" acts." what fraction of GDP is that? 1-5%? Europe semi public enterprises have a much bigger weight. Banking, energy, postal services, transport, telecommunications were until recent national monopolies and protecting domestic champions is still a matter of national interest.
- JAlexoid 7y agoDid you mention postal services? You mean like US, where only USPS has the right to put mail into your mailbox... and it's a federal criminal offense for anyone else to deliver mail into your mailbox?
- fyoving 7y agoAre you litigating the boeing v airbus thing? didn't the WTO rule that airbus is receiving billions in illegal subsidies? And are you suggesting that france doesn't subside specific industries? If you're complaints are exclusive to the aviation and defence industries then a US complaint regarding the EU and france could include that and every other industry.
- hef19898 7y agoAFAIK the case against Boeing is still open. Arguably Airbus is getting direct subsidies (WTO ruling) while Boeing seems to get pampered by overpriced defense contracts which has the same result more or less (no WTO ruling yet). Conclusion is nobody is innocent, just guilty in different ways.
- fyoving 7y ago"EU paid Airbus billions in illegal subsidies, WTO rules" https://www.bbc.com/news/business-44120525 https://www.bbc.com/news/business-44120525
- hef19898 7y agoTrue, didn't check but I think the case against Boeing brought foward by the EU is still open. Not sure if memory serves well.
- olivepistacchio 7y agoImagine if Airbus was not there, there would be no safe plane to do short-haul.
- sokoloff 7y agoNonsense. Plenty of 717, non-Max 737, MD-88, MD-90, and E170/175/190/195 out there.
- pinkfoot 7y agoWTO confirms US failed to fully comply over Boeing subsidies https://phys.org/news/2019-03-wto-fully-comply-boeing-subsidies.html https://phys.org/news/2019-03-wto-fully-comply-boeing-subsid... 1-1
- nolok 7y agoI did not write a single word or hint about any of the things you listed, I didn't even have them on my mind. You are 100% projecting.
- Xixi 7y ago"The World Trade Organization appeals panel today upheld European claims that Boeing received billions of dollars in illegal tax breaks and subsidies from the US Department of Defense, Washington State, Kansas and South Carolina." https://leehamnews.com/2019/03/28/wto-appeals-court-rules-against-boeing-airbus-claims-minimum-15bn-in-harm/ https://leehamnews.com/2019/03/28/wto-appeals-court-rules-ag...
- realusername 7y agoAnd when the US can't manage to protect the industry with tariffs, they just put foreign people straight in prison as economic hostages like they did with Alstom.