Trade war begins

“China’s anger with the European Union’s emissions-trading scheme for airlines has delayed the revealing of a major Airbus deal and could undermine upcoming deals, according to people familiar with the situation.

Airbus, a unit of European Aeronautic Defence & Space Co., had expected to announce at the Paris Air Show this week that Hong Kong Airlines Ltd. ordered 10 of its A380 superjumbo jetliners, with a catalog value of almost $4 billion. The deal’s unveiling was put on ice by officials in Beijing, who must give final approval, these people said.

The Chinese government held off because it disapproves of the EU’s intention to regulate greenhouse emissions of foreign airlines operating to and from the 27-country bloc, according to the people close to the talks.  …

“The Chinese have told us directly that their airlines are not allowed to get into deals with Europe,” said a person close to the European side of the discussions.  …

China’s move appears to be the first retaliation against the EU program. China, the U.S., Russia and other countries have strongly objected to the plan.  …

EU officials have repeatedly said they won’t retreat on their program.”  “China Delays Unveiling Airbus Deal

Advertisements

One Response to “Trade war begins”

  1. SOYLENT GREEN Says:

    Bwuhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: