Wednesday, January 19, 2005

Enlightened EU to Tsunami-struck Thailand: buy our new planes or face tariffs

Apparently, the EU really wants someone to buy their new plane. Thailand is a world leader in prawn producing, so much so that it has damaged Norway's fishing industry. The EU (along with the US and other countries), think that this gives Thailand an unfair trade advantage. So, these countries have slapped tariffs or threatened tariffs on Thai prawns-- the EU has decided to issue a 12% tariff while the US slapped on a 97% tariff.

Now, tariffs are part of the trade intercourse between nations, this is true. But to basically blackmail a country into buying six $300 million dollar luxury aircraft is typical of the arrogance that only "old Europe" could bring.

The EU so desperately wants to beat the US at trade and influence that it bullies against it at the WTO with the third world while doing little to shield its own hypocrisy; it knows that its luxury aircraft (which took six nations to build, by the way) is so expensive and really impractical that no one (save some oil-rich nations) will want to buy it. This is not earning dominance over the US-- it is coercing and blackmailing it. It is cheating.

But what do we expect from the EU-- biggest economic zone on earth-- that it will essentially blackmail to get its fame?

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