Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
The current situation just makes Boeing's situation more complicated.
I looked at your link to "Simple Flying" (never heard of that source, but I'll take it at face value). They talk about Airbus trying to "butter up" China, not "actively lure China" as you claim. (You make a lot of exaggerated, bogus claims).
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
The current situation just makes Boeing's situation more complicated.
I looked at your link to "Simple Flying" (never heard of that source, but I'll take it at face value). They talk about Airbus trying to "butter up" China, not "actively lure China" as you claim. (You make a lot of exaggerated, bogus claims).
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
The source is valid. Take into account that these links are from last year. Things have heated up even more since then.
If Airbus thought it couldn't handle capacity requirements it wouldn't have sent a special delegation to China.
I never ever post anything 'bogus'. Losing a slice of the China pie would be an utterly gigantic loss for Boeing.
You can bet your grandma that Airbus has its finger on the pulse of this situation and if things fall flat for Boeing the trade dispute will be 100% to blame.
China is smart and they’ll Play it smart. They know they’re dealing with a madman playing to his base.
But, they are taking this attack on their country and the private industry seriously and they are not going to back down. As they said today: “Don’t say we didn’t warn you”.
Hopefully Trump realizes he has already taken this game too far.
China has nothing to warn the US with. Rare earth metals is their latest ploy and it won't work. They get their ore from here in the US. The US has plenty of rare earth metals in storage and the only limit is that it is disgusting to refine but we can do it if needed. China is thinking Trump is in trouble here and won't push for what China really needs to do, and that's do an actual crack down on IP theft as well as stop manipulating their currency in order to screw every country they do business with. Both of those are required, and they tried to back out.
China has exactly ZERO leverage in this dispute, and they know it.
China does have leverage and part of it will be the boomerang effect.
They planned to spend a trillion dollars on Boeing aircraft. They could switch that business into the EU.
They planned to invest billions into natural gas in Alaska. That could see changes.
Even on rare earths, it will be more expensive to process than for China (as well as damaging for the environment).
All the while China is developing its domestic demand to provide it with more protection from external factors.
The accumulative effect on US business (many are already suffering lost Huawei business) will also affect the US economy.
Etc.
And to top everything off they claim to be ready to slug things out over a long period of time. Trump said the battle would be easy to win and fast.
How much time does he have before the markets (or voters) give him a wake up call?
If there was any impact from the "planned spend" on Boeing then it isn't an impact. Unless there are orders signed or contracts signed, which they couldn't get out of without penalty, then there is no real impact because actual money isn't taken back. Also, it isn't like Airbus would have planes just sitting around so if there were plans and Boeing was holding orders for China airlines then they will lose that spot and get at the back of the line for Airbus. What are they going to fill that gap with? Hogwash is all that report is.
China isn't going to stop investment anywhere. It's their move if they want this resolved, just go along with what they initially agreed to before trying to play hardball at the last second.
The market is doing just fine. There are daily blips but almost always recovered within a day or two. Look at this morning, for instance.
Airbus can fill Boeing's shoes without issue. We are talking about a period of around 25 years. That is a lot of lost business if it pans out that way but to lose it to a direct competitor would be a game changer for Boeing. On top of that, we are now seeing reports of China having halted soy bean orders completely. The farmers have warned that subsidies only cover lost business. What worries them is losing customers because once lost they are difficult to get back.
Just a couple of weeks ago the US sportswear industry wrote to Trump imploring him to end the trade conflict, assuring him that it could have a catastrophic impact on business.
It seems that the US isn't as resistant to the conflict as some people believe. Will Trump dole out subsidies to everyone?
And to top everything off, it is virtually universally accepted that China isn't paying the tariffs anyway, US consumers are.
I don't know for fact that they ARE worried about losing their customer long term -- but they should be.
The analogy is back in the 60's and 70's with the U.S. Steel industry: The labor unions were shutting them down with prolonged strikes on a regular, recurring basis. And, every time they did that, a few more of their customers shifted to more reliable sources to get the steel they needed to keep their business operating. And, those reliable sources were in Japan. Japanese Steel makers. ... That was one of the reasons for the demise of the once mighty U.S. steel industry. RIP
Steel executives publicly complained of the problem as it was happening (over years) -- but nobody listened to them because we knew (or thought we knew) that mighty steel could never die in the U.S.
China is smart and they’ll Play it smart. They know they’re dealing with a madman playing to his base.
But, they are taking this attack on their country and the private industry seriously and they are not going to back down. As they said today: “Don’t say we didn’t warn you”.
Hopefully Trump realizes he has already taken this game too far.
China has nothing to warn the US with. Rare earth metals is their latest ploy and it won't work. They get their ore from here in the US. The US has plenty of rare earth metals in storage and the only limit is that it is disgusting to refine but we can do it if needed. China is thinking Trump is in trouble here and won't push for what China really needs to do, and that's do an actual crack down on IP theft as well as stop manipulating their currency in order to screw every country they do business with. Both of those are required, and they tried to back out.
China has exactly ZERO leverage in this dispute, and they know it.
China does have leverage and part of it will be the boomerang effect.
They planned to spend a trillion dollars on Boeing aircraft. They could switch that business into the EU.
They planned to invest billions into natural gas in Alaska. That could see changes.
Even on rare earths, it will be more expensive to process than for China (as well as damaging for the environment).
All the while China is developing its domestic demand to provide it with more protection from external factors.
The accumulative effect on US business (many are already suffering lost Huawei business) will also affect the US economy.
Etc.
And to top everything off they claim to be ready to slug things out over a long period of time. Trump said the battle would be easy to win and fast.
How much time does he have before the markets (or voters) give him a wake up call?
If there was any impact from the "planned spend" on Boeing then it isn't an impact. Unless there are orders signed or contracts signed, which they couldn't get out of without penalty, then there is no real impact because actual money isn't taken back. Also, it isn't like Airbus would have planes just sitting around so if there were plans and Boeing was holding orders for China airlines then they will lose that spot and get at the back of the line for Airbus. What are they going to fill that gap with? Hogwash is all that report is.
China isn't going to stop investment anywhere. It's their move if they want this resolved, just go along with what they initially agreed to before trying to play hardball at the last second.
The market is doing just fine. There are daily blips but almost always recovered within a day or two. Look at this morning, for instance.
Airbus can fill Boeing's shoes without issue. We are talking about a period of around 25 years. That is a lot of lost business if it pans out that way but to lose it to a direct competitor would be a game changer for Boeing. On top of that, we are now seeing reports of China having halted soy bean orders completely. The farmers have warned that subsidies only cover lost business. What worries them is losing customers because once lost they are difficult to get back.
Just a couple of weeks ago the US sportswear industry wrote to Trump imploring him to end the trade conflict, assuring him that it could have a catastrophic impact on business.
It seems that the US isn't as resistant to the conflict as some people believe. Will Trump dole out subsidies to everyone?
And to top everything off, it is virtually universally accepted that China isn't paying the tariffs anyway, US consumers are.
I don't know for fact that they ARE worried about losing their customer long term -- but they should be.
The analogy is back in the 60's and 70's with the U.S. Steel industry: The labor unions were shutting them down with prolonged strikes on a regular, recurring basis. And, every time they did that, a few more of their customers shifted to more reliable sources to get the steel they needed to keep their business operating. And, those reliable sources were in Japan. Japanese Steel makers. ... That was one of the reasons for the demise of the once mighty U.S. steel industry. RIP
Steel executives publicly complained of the problem as it was happening (over years) -- but nobody listened to them because we knew (or thought we knew) that mighty steel could never die in the U.S.
I don't agree with your "story" about steel industry, that it failed because of labor unions.
The solution? Impeach and remove Trump. Problem solved.
This is the kind of thing authoritarian governments pull (although, they do have more crude methods for removal).
ROTFLMAO. Now I see why you're such a fan of communist dictatorships. It explains a lot of your posts.
No, that's the kind of thing democracies do when an authoritarian is trying to subvert democracy.
All it seems that is going on is a group of people on the US political Left -- essentially folks like you, -- who did not like the outcome of a democratic (small 'd') election (and whose hopes were dashed by the Mueller report), are working themselves into a frenzy and want to get power back before the next Presidential election.
If that is not a subversion of democracy, I don't know what is. And, I might add, a complete waste of taxpayer dollars.
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
The current situation just makes Boeing's situation more complicated.
I looked at your link to "Simple Flying" (never heard of that source, but I'll take it at face value). They talk about Airbus trying to "butter up" China, not "actively lure China" as you claim. (You make a lot of exaggerated, bogus claims).
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
Actually, that's why Boeing rushed the ill-fated 737-Max into production: Airbus was killing them with a better, more modern, single aisle plane.
It's a mistake to underestimate AIrbus just as it's a mistake to underestimate China. As things stand right now, China will happily wait a couple years (if they have to) to get some modern planes from a dealer they can trust.
Trump apologists seem to think China is vulnerable and the U.S. is invulnerable -- and that this is just a game to slap down a misbehaving child. But, one economy is roaring along at 6-7% and the other, deeply in debt, is barely making 3% -- and that's on borrowed money.
China is not a developing country. It is the 2nd largest in the world and growing at over double the rate of ours. It is a mistake to underestimate them -- particularly based on false bravado and politically motivated propaganda.
The solution? Impeach and remove Trump. Problem solved.
This is the kind of thing authoritarian governments pull (although, they do have more crude methods for removal).
ROTFLMAO. Now I see why you're such a fan of communist dictatorships. It explains a lot of your posts.
No, that's the kind of thing democracies do when an authoritarian is trying to subvert democracy.
All it seems that is going on is a group of people on the US political Left -- essentially folks like you, -- who did not like the outcome of a democratic (small 'd') election (and whose hopes were dashed by the Mueller report), are working themselves into a frenzy and want to get power back before the next Presidential election.
If that is not a subversion of democracy, I don't know what is. And, I might add, a complete waste of taxpayer dollars.
Considering that Donald Trump acknowledged today that there was indeed election interference from Russia, just not his personal involvement, I'll feel quite satisfied seeing that investigation play out as an Impeachment. The subversion of Democracy is definitely coming from the Republicans, yet again.
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
The current situation just makes Boeing's situation more complicated.
I looked at your link to "Simple Flying" (never heard of that source, but I'll take it at face value). They talk about Airbus trying to "butter up" China, not "actively lure China" as you claim. (You make a lot of exaggerated, bogus claims).
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
Actually, that's why Boeing rushed the ill-fated 737-Max into production: Airbus was killing them with a better, more modern, single aisle plane.
It's a mistake to underestimate AIrbus just as it's a mistake to underestimate China. As things stand right now, China will happily wait a couple years (if they have to) to get some modern planes from a dealer they can trust.
Trump apologists seem to think China is vulnerable and the U.S. is invulnerable -- and that this is just a game to slap down a misbehaving child. But, one economy is roaring along at 6-7% and the other, deeply in debt, is barely making 3% -- and that's on borrowed money.
China is not a developing country. It is the 2nd largest in the world and growing at over double the rate of ours. It is a mistake to underestimate them -- particularly based on false bravado and politically motivated propaganda.
I would be careful quoting and comparing economic statistics between the West and China. There isn't a lot of transparency in China's economy.
Just one quick clarification before I go: does Huawei steal IP from the US?
Aren't there court cases running with accusations of that? Have you seen the conclusion of any of those cases?
Has the US stolen IP from Huawei?
Is industrial espionage real or a figment of our imaginations? If it's real do you think it's one way or everybody trying to steal from everybody else?
China is smart and they’ll Play it smart. They know they’re dealing with a madman playing to his base.
But, they are taking this attack on their country and the private industry seriously and they are not going to back down. As they said today: “Don’t say we didn’t warn you”.
Hopefully Trump realizes he has already taken this game too far.
China has nothing to warn the US with. Rare earth metals is their latest ploy and it won't work. They get their ore from here in the US. The US has plenty of rare earth metals in storage and the only limit is that it is disgusting to refine but we can do it if needed. China is thinking Trump is in trouble here and won't push for what China really needs to do, and that's do an actual crack down on IP theft as well as stop manipulating their currency in order to screw every country they do business with. Both of those are required, and they tried to back out.
China has exactly ZERO leverage in this dispute, and they know it.
China does have leverage and part of it will be the boomerang effect.
They planned to spend a trillion dollars on Boeing aircraft. They could switch that business into the EU.
They planned to invest billions into natural gas in Alaska. That could see changes.
Even on rare earths, it will be more expensive to process than for China (as well as damaging for the environment).
All the while China is developing its domestic demand to provide it with more protection from external factors.
The accumulative effect on US business (many are already suffering lost Huawei business) will also affect the US economy.
Etc.
And to top everything off they claim to be ready to slug things out over a long period of time. Trump said the battle would be easy to win and fast.
How much time does he have before the markets (or voters) give him a wake up call?
If there was any impact from the "planned spend" on Boeing then it isn't an impact. Unless there are orders signed or contracts signed, which they couldn't get out of without penalty, then there is no real impact because actual money isn't taken back. Also, it isn't like Airbus would have planes just sitting around so if there were plans and Boeing was holding orders for China airlines then they will lose that spot and get at the back of the line for Airbus. What are they going to fill that gap with? Hogwash is all that report is.
China isn't going to stop investment anywhere. It's their move if they want this resolved, just go along with what they initially agreed to before trying to play hardball at the last second.
The market is doing just fine. There are daily blips but almost always recovered within a day or two. Look at this morning, for instance.
Airbus can fill Boeing's shoes without issue. We are talking about a period of around 25 years. That is a lot of lost business if it pans out that way but to lose it to a direct competitor would be a game changer for Boeing. On top of that, we are now seeing reports of China having halted soy bean orders completely. The farmers have warned that subsidies only cover lost business. What worries them is losing customers because once lost they are difficult to get back.
Just a couple of weeks ago the US sportswear industry wrote to Trump imploring him to end the trade conflict, assuring him that it could have a catastrophic impact on business.
It seems that the US isn't as resistant to the conflict as some people believe. Will Trump dole out subsidies to everyone?
And to top everything off, it is virtually universally accepted that China isn't paying the tariffs anyway, US consumers are.
I don't know for fact that they ARE worried about losing their customer long term -- but they should be.
The analogy is back in the 60's and 70's with the U.S. Steel industry: The labor unions were shutting them down with prolonged strikes on a regular, recurring basis. And, every time they did that, a few more of their customers shifted to more reliable sources to get the steel they needed to keep their business operating. And, those reliable sources were in Japan. Japanese Steel makers. ... That was one of the reasons for the demise of the once mighty U.S. steel industry. RIP
Steel executives publicly complained of the problem as it was happening (over years) -- but nobody listened to them because we knew (or thought we knew) that mighty steel could never die in the U.S.
I don't agree with your "story" about steel industry, that it failed because of labor unions.
Sure sounds like the Steel Industry was shutting down inefficient production, not the result of strikes, which was a symptom, not the cause.
I didn't say they shut down "(solely) because of labor unions". I did say that the constant shut downs caused by strikes caused customers to migrate to more reliable sources (namely Japanese Steel) and that was one of the reasons for the demise of the once mighty U.S. steel industry.
Inefficient production was another reason: The Japanese mills were more efficient than the U.S. mills and could make steel and ship it across the Pacific and still sell it for less than the U.S. mills.
But in that is another lesson the U.S. has forgotten: The propaganda at the time that we consoled ourselves with was that they had copied our methods -- which is a version of today's propaganda that Chinese companies have succeeded by stealing our "IP".
Contracts they can't get out of? All they have to do is declare a National Security Emergency and declare Boeing a Security Risk. Easy!
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
Not only can Airbus fill China's requirements but it has been actively trying to lure Chinese orders away from Boeing.
The current situation just makes Boeing's situation more complicated.
I looked at your link to "Simple Flying" (never heard of that source, but I'll take it at face value). They talk about Airbus trying to "butter up" China, not "actively lure China" as you claim. (You make a lot of exaggerated, bogus claims).
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
Actually, that's why Boeing rushed the ill-fated 737-Max into production: Airbus was killing them with a better, more modern, single aisle plane.
It's a mistake to underestimate AIrbus just as it's a mistake to underestimate China. As things stand right now, China will happily wait a couple years (if they have to) to get some modern planes from a dealer they can trust.
Trump apologists seem to think China is vulnerable and the U.S. is invulnerable -- and that this is just a game to slap down a misbehaving child. But, one economy is roaring along at 6-7% and the other, deeply in debt, is barely making 3% -- and that's on borrowed money.
China is not a developing country. It is the 2nd largest in the world and growing at over double the rate of ours. It is a mistake to underestimate them -- particularly based on false bravado and politically motivated propaganda.
I would be careful quoting and comparing economic statistics between the West and China. There isn't a lot of transparency in China's economy.
The statistics I sited are not speculation. They are internationally recognized as fact.
But, some prefer to believe that they are still a "developing country". They aren't: As I said, they are the world's second largest economy and growing at over twice the rate of the U.S.
In fact, Trump has admitted that that is at least part of his motivation for his war on China: They are projected to replace us as the world's largest economy in the next decade. He wants to slow them down a bit.
China will be shooting itself in both feet if it -- or its citizenry -- puts the screws on Apple. It's not just the hardware assembly jobs or in Apple offices and retail stores there, but the many multiples of that number working for makers of cases, accessories, apps, and media content, for starters.
I dare them to try throttling Apple in China.
If everything continues on current trajectory, its inevitable that Apple gets slapped with 25% tariff. But probably will one of the last companies. And not because they’re big, China doesn’t really cares if company is big or not. But because they actively try to find out some solutions to prevent this trade war. They try to mediate between us and china.
[...]
America already has installed a network that feeds China: Walmart. All the MAGA hats line up to pay for their China's exports and then go home to watch Fox News tell them that China is tricking them into a trade deficit. Maybe stop eating $1 chickens and wearing $10 sweatpants paid for with your government farm subsidies to sit back and watch state run TV glorifying an Adderall grifter as the new Jesus Christ.
Now that was funny! True, but funny in a sad kind of way.
China is reported to by Bloomberg to be taking another step in response to the TrumpTradeWar and establishing an "Unreliable Entity" list of organizations who deviate from accepted international rules.
I suspect the first organization on the list will be Fed Ex who was caught last week spying on Huawei when they routed Asian shipments across the Pacific to their headquarters in Atlanta. But, using Trump's own rationale (or lack of), they could ban any organization they choose simply by making unsupported allegations against it.
Meanwhile, Trump is upping his threats against our European allies if they use Huawei equipment against his wishes. That is unlikely to end well either.
Increasingly, Trump has the U.S. headed towards a "go it alone" stance in international commerce and relations. We'll see how that turns out.
China's own entity list os clearly a tit-for-tat measure and I've read that Apple might be affected by it.
People are now openly coming round to the idea that national security isn't the real issue at stake but protectionism. To the point that some people are openly saying that claiming national security reasons to get things passed is actually an abuse of power.
Trumps 'tariffs for everyone' approach is going to backfire as allies begin to push back against bullying politics. Pence is back in the UK threatening the government over Huawei -again.
China's own entity list os clearly a tit-for-tat measure and I've read that Apple might be affected by it.
People are now openly coming round to the idea that national security isn't the real issue at stake but protectionism. To the point that some people are openly saying that claiming national security reasons to get things passed is actually an abuse of power.
Trumps 'tariffs for everyone' approach is going to backfire as allies begin to push back against bullying politics. Pence is back in the UK threatening the government over Huawei -again.
True -- except for the part about using national security to 'get things passed'.
Trump is using it to bypass the democratic process and as an easy route to dictatorship where something happens (like walls and sanctions) simply because he decrees it to happen.
Interesting that the Libertarians and Free Marketers don't even chirp about it.
Comments
Oh, don't be silly. They'll shoot themselves in the foot even more than fiddling with Apple. China has a desperate need for new commercial aircraft, and there are only two options. The slight problem is both a quite badly backlogged: Boeing's current order backlog is 5,900 planes and Airbus's, 7,000+.
Airbus can't start to fill China's orders for at least a decade, and Boeing's China cancellations will be picked up by others before the Chinese can say "don't say we didn't warn you."
https://simpleflying.com/china-needs-7400-new-aircraft-in-next-20-years-according-to-airbus/
The current situation just makes Boeing's situation more complicated.
Airbus can throw in all the world's butter at it, but its production capacity is, sadly, booked up at least for the next 7-10 years. No planes for you. No mas.
If Airbus thought it couldn't handle capacity requirements it wouldn't have sent a special delegation to China.
https://simpleflying.com/china-needs-7400-new-aircraft-in-next-20-years-according-to-airbus/
I never ever post anything 'bogus'. Losing a slice of the China pie would be an utterly gigantic loss for Boeing.
You can bet your grandma that Airbus has its finger on the pulse of this situation and if things fall flat for Boeing the trade dispute will be 100% to blame.
... That was one of the reasons for the demise of the once mighty U.S. steel industry. RIP
Steel executives publicly complained of the problem as it was happening (over years) -- but nobody listened to them because we knew (or thought we knew) that mighty steel could never die in the U.S.
https://theconversation.com/lessons-from-the-steel-crisis-of-the-1980s-57751
Sure sounds like the Steel Industry was shutting down inefficient production, not the result of strikes, which was a symptom, not the cause.
If that is not a subversion of democracy, I don't know what is. And, I might add, a complete waste of taxpayer dollars.
It's a mistake to underestimate AIrbus just as it's a mistake to underestimate China.
As things stand right now, China will happily wait a couple years (if they have to) to get some modern planes from a dealer they can trust.
Trump apologists seem to think China is vulnerable and the U.S. is invulnerable -- and that this is just a game to slap down a misbehaving child. But, one economy is roaring along at 6-7% and the other, deeply in debt, is barely making 3% -- and that's on borrowed money.
China is not a developing country. It is the 2nd largest in the world and growing at over double the rate of ours. It is a mistake to underestimate them -- particularly based on false bravado and politically motivated propaganda.
OK. That is simply beyond funny.
Just one quick clarification before I go: does Huawei steal IP from the US?
link to story and Donald J. Trump tweet'
https://talkingpointsmemo.com/news/trump-russia-admission-election
I would be careful quoting and comparing economic statistics between the West and China. There isn't a lot of transparency in China's economy.
Has the US stolen IP from Huawei?
Is industrial espionage real or a figment of our imaginations? If it's real do you think it's one way or everybody trying to steal from everybody else?
Inefficient production was another reason: The Japanese mills were more efficient than the U.S. mills and could make steel and ship it across the Pacific and still sell it for less than the U.S. mills.
But in that is another lesson the U.S. has forgotten: The propaganda at the time that we consoled ourselves with was that they had copied our methods -- which is a version of today's propaganda that Chinese companies have succeeded by stealing our "IP".
False bravado always has excuses when it fails.
But, some prefer to believe that they are still a "developing country".
They aren't: As I said, they are the world's second largest economy and growing at over twice the rate of the U.S.
In fact, Trump has admitted that that is at least part of his motivation for his war on China: They are projected to replace us as the world's largest economy in the next decade. He wants to slow them down a bit.
I suspect the first organization on the list will be Fed Ex who was caught last week spying on Huawei when they routed Asian shipments across the Pacific to their headquarters in Atlanta. But, using Trump's own rationale (or lack of), they could ban any organization they choose simply by making unsupported allegations against it.
Meanwhile, Trump is upping his threats against our European allies if they use Huawei equipment against his wishes. That is unlikely to end well either.
Increasingly, Trump has the U.S. headed towards a "go it alone" stance in international commerce and relations. We'll see how that turns out.
People are now openly coming round to the idea that national security isn't the real issue at stake but protectionism. To the point that some people are openly saying that claiming national security reasons to get things passed is actually an abuse of power.
https://www.forbes.com/sites/phillevy/2019/05/31/five-implications-of-president-trumps-mexican-trade-war/#a50ce772fa3a
Trumps 'tariffs for everyone' approach is going to backfire as allies begin to push back against bullying politics. Pence is back in the UK threatening the government over Huawei -again.