Pat Buchanan: Trump Right on Trade Predators - allies cheating and robbing her blind on trade

[kahless]

http://buchanan.org/blog/trump-right...edators-125775

Consider. While U.S. elites were denouncing Donald Trump as unfit to serve for having compared Miss Universe 1996 to “Miss Piggy” of “The Muppets,” the World Trade Organization was validating the principal plank of his platform.

America’s allies are cheating and robbing her blind on trade.

According to the WTO, Britain, France, Spain, Germany and the EU pumped $22 billion in illegal subsidies into Airbus to swindle Boeing out of the sale of 375 commercial jets.

Subsidies to the A320 caused lost sales of 271 Boeing 737s, writes journalist Alan Boyle. Subsidies for planes in the twin-aisle market cost the sale of 50 Boeing 767s, 777s and 787s. And subsidies to the A380 cost Boeing the sale of 54 747s. These represent crippling losses for Boeing, a crown jewel of U.S. manufacturing and a critical component of our national defense.

Earlier, writes Boyle, the WTO ruled that, “without the subsidies, Airbus would not have existed … and there would be no Airbus aircraft on the market.”

....
By increasingly relying upon foreign nations for our national needs, and by outsourcing production, we are outsourcing America’s future.

[phill4paul]

Not to worry, the Saudi arms deal will keep Boeing afloat.

[Danke]

The nations of Qatar and the United Arab Emirates (UAE) are funneling billions of dollars in government subsidies to their state-owned airlines, distorting the international aviation market and undermining fair competition


Since 2004, the governments of Qatar and the UAE have provided $42 billion in subsidies and other unfair benefits to Qatar Airways, Etihad Airways and Emirates

[robert68]

If Buchanan and his protectionist comrades are so worried, they should contribute money on their own to the US companies they think need help.