tyb
just slow, clearnet gud
chek't
U.S. raises tariffs on European aircraft in ongoing dispute over subsidies
The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.
In a statement released late on Friday, USTR said it would make minor modifications to 25% tariffs imposed on cheese, wine and other non-aircraft products from the EU, including dropping prune juice from the list. It did not raise the tariff rates on those product, as it had suggested it might do in October.
The higher aircraft tariff will take effect March 18.
The U.S. action comes as U.S. President Donald Trump, emboldened by agreement on a Phase 1 trade deal with China, has trained his sights on restructuring the more than $1 trillion U.S.-EU trade relationship, raising the specter of another major trade war as the global economy slows. EU officials have said they want to negotiate with Washington but will not be bullied into submission.
European planemaker Airbus (AIR.PA) said the U.S. move would hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union in the longstanding dispute.
Airbus said it would continue discussions with U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped USTR would change its position, particularly given the threat of EU tariffs on U.S. products in its own case before the World Trade Organization.
“USTR’s decision ignores the many submissions made by U.S. airlines, highlighting the fact that they – and the U.S. flying public – ultimately have to pay these tariffs,” the company said in a statement.
EU officials had no immediate comment on Friday’s news.
https://www.reuters.com/article/us-usa-trade-eu/u-s-raises-tariffs-on-european-aircraft-in-ongoing-dispute-over-subsidies-idUSKBN20900L
^^
the ESF was formed during and in the aftermath of the 1987 "crash". The first modern day utilization of computerized programs that were put in place in the mid-70's. It was touted as a mechanism to control foreign exchange rates. In reality it was nothing moar then the final piece of the puzzle to have complete and total control of the financial system and the outcomes that the system desired.
It was created back in 1934 with the Exchange Stabilization Act and operated with the flow of non-computerized trading platforms. It was put on steroids when the entire world's markets moved to digital trade settlements and management with the programs created by Alan Greenspan in the late 60's early 70's. Was no coincidence that the transition to the petro-dollar occured shortly after these programs were finalized. These programs were based on the root A language. This was developed from the first major languages that appeared in the form of FORTRAN back in 1957 designed by IBM. From FORTRAN came UNIX and C-and you know the rest. RootA was developed from a combination of those languages and applied to the financial systems.
You all remember the Y2K bug…that existed because greenspan did not factor in a four digit change in dates so the system decided to blame it on microsoft and make that the boogeyman. The Y2K scare was all about the financial system not being able tohandle a four digit date change because they never thought this pile of shit would get this far and did take the time to re-do the code to facilitate it-hence the "scare' we were given about what the consequences it would have on our everyday computer lives.
There is way moar to this but I'm tired and need to got to bed.
g'nite my frens
yes you are correct..audit the FED. The FED does not own gold. They own promissory notes issued by the treasury