WORLD - Boeing Wins $7.5 Billion in Court Against Airbus

Arno Froese

The World Trade Organization says the U.S. can move forward with plans to impose some $7.5 billion in tariffs on EU goods annually, to counteract years of European loans and illegal subsidies to Airbus.

The decision comes after a years-long dispute over European Union countries’ roles in building Airbus into a global player—and a fierce competitor to U.S. aerospace giant Boeing.

But the clash is far from over: The WTO will likely rule in the coming months on the EU’s own request to levy tariffs on the U.S. over its aid to Boeing. For a sign of how deep this clash runs, consider that in the WTO’s 156-page decision against Airbus and the EU, Boeing is mentioned nearly 850 times.

The Office of the U.S. Trade Representative has already drawn up a list of European tariff targets, from hams, cheeses and olives to Irish and Scotch whiskies.

The European subsidies relate to “the entire family of Airbus products (A300 through the A380),” the WTO says. The U.S. has long accused the EU of aiding Airbus in a variety of ways, from giving out sweetheart loans and forgiving debts to providing grants for infrastructure.

When the U.S. announced its potential tariff list back in April, U.S. Trade Representative Robert Lighthizer stated, “Our ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft.” He added, “When the EU ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted.”

-www.npr.org, 2 October 2019

Arno's commentary

The is an unexpected victory for Boeing. Yet, as the article indicates, similar charges are being drawn up against Boeing. All global companies, by whatever name, receive subsidies in one way or another.

Where will it all lead? To begin with, we see the World Trade Organization having authority to judge. While enforcement seems to be all but out of the question at this time, it will and must occur in the future. Thus, corporations, by whatever name, are forced to act globally, no longer just nationally. This follows the blueprint of prophetic Scripture. We know that the god of this world will and must unite the nations in order to usurp global power. And with that achievement, Antichrist will be revealed.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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