Bombardier - A sign of things to come?
Discussion
gadgetmac said:
Just watched a US trade spokesman say that outside of the EU the UK is vulnerable to these kind of actions from the Trump administration. Inside the EU, which is a bigger aircraft marketplace, the UK is somewhat protected.
Could you expand on that last bit - assuming the spokesman said anything more?We're still in the EU right now so how did that help?
gadgetmac said:
Just watched a US trade spokesman say that outside of the EU the UK is vulnerable to these kind of actions from the Trump administration. Inside the EU, which is a bigger aircraft marketplace, the UK is somewhat protected. The UK wants to be a little fish in a big pond.
No worries; fishing and jam will make up the difference.vonuber said:
gadgetmac said:
Just watched a US trade spokesman say that outside of the EU the UK is vulnerable to these kind of actions from the Trump administration. Inside the EU, which is a bigger aircraft marketplace, the UK is somewhat protected. The UK wants to be a little fish in a big pond.
No worries; fishing and jam will make up the difference.turbobloke said:
gadgetmac said:
Just watched a US trade spokesman say that outside of the EU the UK is vulnerable to these kind of actions from the Trump administration. Inside the EU, which is a bigger aircraft marketplace, the UK is somewhat protected.
Could you expand on that last bit - assuming the spokesman said anything more?We're still in the EU right now so how did that help?
Sky news is your reference. Turn it on, these news stories cycle every hour or so.
I doubt the tariffs would stand should they wind up in front of the NAFTA trade dispute panels, if it even gets that far.
In more positive news for Bombardier, they seem to have found some more buyers for the C-Series. Trudeau has been pushing hard for more trade with China since he was elected.
http://www.reuters.com/article/us-china-bombardier...
In more positive news for Bombardier, they seem to have found some more buyers for the C-Series. Trudeau has been pushing hard for more trade with China since he was elected.
http://www.reuters.com/article/us-china-bombardier...
gadgetmac said:
turbobloke said:
We're in the EU now.
But they are not likely to enter into a trade war on our behalf any more. It's also the UK that will have to do that in the future too - all on its ownsome according to the spokesman.At the moment from our vantage point within the EU and, hypothetically speaking, if the UK government wanted to do what the USA has just done could they do it?
Amazing how a trade row between the US and Canada, that happens to have an impact on a British Company, can be used by some to demonstrate the difficulties the UK may face on leaving the EU.
Either stupidity or wilful scaremongering.
Little news about the imminent end of the EU Sugar Beet quotas that could lead to 50% increases in UK production. Perhaps because it's good news?
Either stupidity or wilful scaremongering.
Little news about the imminent end of the EU Sugar Beet quotas that could lead to 50% increases in UK production. Perhaps because it's good news?
REALIST123 said:
Amazing how a trade row between the US and Canada, that happens to have an impact on a British Company, can be used by some to demonstrate the difficulties the UK may face on leaving the EU.
Either stupidity or wilful scaremongering.
I don't think anyone has intimated this would affect difficulties in the UK leaving the EU. (Apologies if someone had and I missed it.....)Either stupidity or wilful scaremongering.
I 'think' the Brexit bandwagon presented that once outside of the EU, other trading nations would want free trade agreements with the UK. The EU were portrayed as a protectionist organisation hindering the UK from free trade agreements globally, hence one proposed reason for the UK leaving the EU.
I 'think' what the events show between US and Canada (specifically Bombardier) is that free trade is not necessarily a global desire between developed countries. (The fact that a Bombardier facility is based in the UK is irrelevant to the discussion)
So extrapolating somewhat, it might be difficult for a smaller economy to negotiate effectively with larger trading economies, as demonstrated by the extreme proposed tariffs imposed by the US on a singular particularly threatening Canadian company. However, a larger body of economies may provide bigger clout than a smaller economy, perhaps?? Canada ($2Bn sales) threatening consequential trade tariffs on Boeing would not be nearly as effective as the EU ($14Bn sales) threatening the same tariffs. <cannot find Boeings UK revenue in 2016!)
I also do not think this is as a result of Trump - it is active lobbying by the government sponsored Boeing. The whole premise of the pot calling the kettle black.
Not sure if I am stupid or scare-mongering. Or perhaps the US are scare-mongering (or are they stupid?)?
Mike
55palfers said:
It would be interesting to add up all the "development" money Boeing (and other US aircraft companies) have enjoyed from the US military over the years.
The spin-offs to civilian planes would have been very useful
Just what I was thinking, Boeing may have opened up a can of worms if it's looked into, plus the Canadians may reduce their military spending with them, it may hit them harder than they think.The spin-offs to civilian planes would have been very useful
55palfers said:
It would be interesting to add up all the "development" money Boeing (and other US aircraft companies) have enjoyed from the US military over the years.
The spin-offs to civilian planes would have been very useful
The EU is already taking the USA to court at the WTO for the Washington state subsiding the taxes for Boeing and their 777X program at the Seattle manufacturing and development plant. The action was started in 2014 when Obama was President.The spin-offs to civilian planes would have been very useful
The co-complainants are Brazil; China; India; Japan; Korea, Republic of; Russian Federation; Australia; Canada
https://www.wto.org/english/tratop_e/dispu_e/cases...
Anyone trying to turn this Bombardier story into a Brexit story is an idiot.
Edited by anonymous-user on Wednesday 27th September 20:41
DMN said:
Great summary, paints a bleak picture for the future.And here was me thinking that a Delta competitor in the US was getting boinggg to muscle in with a share of resulting monopolistic booty the reward.
Hey ho - obviously boinggg are not that devious...
Just goes to show, however, how badly needed gov funded regeneration of a badly deprived area can backfire when boinggg doesn't want it to succeed.
Hey ho - obviously boinggg are not that devious...
Just goes to show, however, how badly needed gov funded regeneration of a badly deprived area can backfire when boinggg doesn't want it to succeed.
Edited by Ali G on Wednesday 27th September 20:47
REALIST123 said:
Amazing how a trade row between the US and Canada, that happens to have an impact on a British Company, can be used by some to demonstrate the difficulties the UK may face on leaving the EU.
Either stupidity or wilful scaremongering.
Little news about the imminent end of the EU Sugar Beet quotas that could lead to 50% increases in UK production. Perhaps because it's good news?
I think you'll find explantions that everything from the mexican earthquake to the rise of HIV and the extinction of dinosaurs was the fault of brexit once you look.Either stupidity or wilful scaremongering.
Little news about the imminent end of the EU Sugar Beet quotas that could lead to 50% increases in UK production. Perhaps because it's good news?
Back in the real world, hasnt boeing/yank politics colluded and done anything and everything they can to prevent competition in the american market ever since theres been a passenger jet market ? Same old same old?
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