Trump to enact $7.5 billion in tariffs on EU imports following WTO ruling
Boom! EU is hammered by Trump. Illegal subsidies finally recognized. Level the playing field.
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Conservatives used to know that, as illustrated by the Curtiss book from the 1950s on tariffs and some recent articles from the Heritage Foundation.
If someone does not want to buy imports from businesses in another country then he can choose not do it. We can't control foreign governments taxing their own citizens but can educate foreign citizens to oppose their own statism. Taxing American citizens with punitive tariffs is an additional injustice from our own government.
In my trips to Australia I bought wine throughout the trips and found a retailer in Sydney that would ship it back to the US for me (when I bought 2 cases from his store, too.)
I tried very expensive French wines when I was in France, a long time ago. Tell you frankly, I wasn't that much impressed. I got a headache after but it may have been due to other factors.
Yes, Silver Oak Cabs! Heavenly! When I lived in Sonoma, I learned to appreciate the Sonoma wines - Sonoma and Napa are very chauvinistic about their regions. Would you believe that Sonoma Market (an exclusive private supermarket where I used to shop) did not carry Napa wines? I was flabbergasted when first went there asking for my favorite wine that happened to be made in Napa, and the guy educated me that they don't carry Napa wines only from Sonoma and he was happy to show me his best selection. I wasn't disappointed.
I don't have much experience with Italian, the ones available here are third rated and I did not drink much wine when in Italy. I am not particularly eager for Chianti.
Yes, I agree about the Aussies. In Sidney I had the chance to try some heavy red ones. Delicious! New Zealand is right up there with some silky whites.
About the French: I think the fame of French wines is all in the past. Sure they made excellent wines in the past, but it doesn't mean others did not catch up to them. Grgich Hills won the Grand Prize with its Chardonnay in Paris many years ago, stunning the French. I had the chance to visit his boutique vinery and meet the owner when I moved to CA. It was an out of world experience to taste his Chardonnay! Then he ruined it by experimenting with all kinds of things and now the Grgich Chardonnay is a sour, unpleasant product you try to forget. Only its price stayed the same, not the quality - in the stratosphere.
Speaking of other countries, when traveling in Europe I tried Hungarian wines. Absolutely great experience! They had a wine production before WW2 which the communists managed to drive to the ground like many other branches of the economy but they recovered after 1990. Now they make some of the best whites in Europe.
The Italians keep the best they make at home, imo; I was astounded by the fantastic table wines when I was in Italy. The best from Australia are consumed quickly in Oz by "friends" of the small wineries. The French wines I have enjoyed most were very expensive and not affordable for me.
Many CA Chardonnays and Cabernets are of way higher quality than the French.
Well, that will basically hurt the French and the Danes, both fully ripe for getting their nose broken on cheese and wine import.
As for fruit juice: would anyone tell me why do we need to import fruit juice? We have plenty of orange trees in CA and FL.
The mechanism for the EU "subsidies" in this case has been lower interest rates. According to the article you linked to: "The WTO's ruling said the EU subsidized Airbus by giving it preferential treatment on interest rates."
Market distortions created by government subsidies do not disappear by imposing more taxes. Statism does not justify and is not cured by more statism.
15 Billion of Launch Aid, seems a bit more than "lower interest rates"....
It cascades, when they have lower costs because the EU chooses to steal money from their people to "redistribute" to Airbus, that allows them to undercut Boeing. The result is an artificial market, and those costs are masked and inserted in other things. The net effect is increased costs for every member of the society in increased taxes, prices fees etc. So, how does higher tariffs on EU products equate to higher taxes on Americans?
http://www.boeing.com/company/key-org...
Why is nobody slamming this on what is meant to be an Objectivist forum?