China threatens Trade War with EU over Carbon Tax on Airlines

[Ulster-Lad]

A ruling was made yesterday by the ECJ that upheld a carbon tax on all flights into or out of the EU. The tax is set to come into force now next week. The US brought the case the the ECJ for their ruling complaining it violated International Law.

BBC News - US rejects European Court ruling on airline emissions

Now the Chinese have threatened the EU with a trade war over this and the US are pursuing some sort of as yet undisclosed sanctions as a result.

"It will be difficult to avoid a trade war focused on an aviation 'carbon tax'," said Xinhua, whose editorials generally reflect the official government position.

EU airline carbon move could spark trade war-China | Reuters

China warns EU of carbon tax ‘trade war’ - FT.com

[Disillusioned democrat]

A good, old-fashioned trade war might be just the thing Europe needs to get it's economy going - more spend in EU goods and services.

[Boggle]

Less jobs for China = More jobs for Europe.

Go for it.

[Cassandra Syndrome]

A good, old-fashioned trade war might be just the thing Europe needs to get it's economy going - more spend in EU goods and services.

Yeah, trade wars worked out well in the 1930s, imagine how bad the 1940s would have been otherwise?....

[padraig.od]

I'd love a good old fashioned trade war! Could we go to trade-war with South America, India and Russia too?

[an modh coinniolach]

Yeah, trade wars worked out well in the 1930s, imagine how bad the 1940s would have been otherwise?....

How did the free-wheeling 1920s finish up for you?

[Disillusioned democrat]

Yeah, trade wars worked out well in the 1930s, imagine how bad the 1940s would have been otherwise?....

I suspect if you look at the trade between Europe as a whole and China you'll discover that much of what we import from China we really don't need and could grow/make it ourselves within Europe, albeit a tad more expensively, but what China gets from Europe it really needs, so I think this would work to our benefit overall. The 30s and 40s aren't really good baselines to evaluate the European market because at the time most of the key players had just about ceased trying to eradicate the others and were fixing to start all over again.

[seabhcan]

This new law doesn't seem to treat Chinese airlines differently from EU airlines. What are the grounds for sanctions?

[Cassandra Syndrome]

How did the free-wheeling 1920s finish up for you?

Free wheeling? What is that? What went wrong with the 1920s was the artificial low interest rates set by the recently formed (by Progressive Liberal Democrats may I add) Federal Reserve Bank which created a bubble, boom, bust cycle.

Great to see you acknowledge that there was a nasty excess in the 1920s which was created by government intervention and manipulation.

[Tombo]

I suspect if you look at the trade between Europe as a whole and China you'll discover that much of what we import from China we really don't need and could grow/make it ourselves within Europe, albeit a tad more expensively, but what China gets from Europe it really needs, so I think this would work to our benefit overall. The 30s and 40s aren't really good baselines to evaluate the European market because at the time most of the key players had just about ceased trying to eradicate the others and were fixing to start all over again.

I suspect that if you knew the first thing about economics you would realise what an idiot you appear to those that do.