long-running trade dispute between Boeing and Airbus are proliferating. Americans keen on a Spanish olive before a main course dusted with Italian Parmesan and washed down with Scotch will have to stump up more cash. The World Trade Organisation has given America the go-ahead to impose $7.5bn-worth of tariffs on a smorgasbord of European imports on October 18th after ruling that Airbus had received illegal state aid in Europe.
It would not be the first instance of trade-dispute mechanisms stifling competition. In 2008 Canada’s Bombardier, a maker of regional jets, launched the-Series, a plane that competed with some smaller models made by Boeing and Airbus. Cost overruns and delays threatened the-Series until an order in 2016 from Delta, an American airline, seemed to guarantee its future. But Boeing complained to American regulators about Canadian subsidies, leading to the imposition of a vast tariff.
I do not foresee this going well for Europe.
Europe is so independent
Individual countries in Europe are slaves to their masters in Brussels. Just like China, Europe will be hurt more than the US and Europe has many more issues
Great. Let them grow all their own food then.
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