No wonder they tried to pull a fast one on us and Bombardier kicked their asses at the WTO.
Now Trump (a lefty President if you were confused) is going to make them pay at least $20B for doing nothing of value.
Shame.
Boeing is among the 1st casualties of the hardline on Iran
Consequences are funny things. Donald Trump and an increasingly hawkish foreign policy team tore up the landmark nuclear agreement with Iran this week, as Trump's anti-globalist support base back home cheered the move.
Yet among the first victims of the decision is not Iran's hardliners, nor even Iran's economy.
It was instead the American aerospace firm Boeing that lost; Washington has said it will now revoke Boeing's licence to sell $20 billion US of aircraft to Iran.
"[There is] a great deal of rattling of the markets," says Bessma Momani, a senior fellow at the Centre for International Governance and Innovation in Waterloo, Ont.
"That will continue, particularly as a lot of companies start to recognize how much they're going to lose."
Trump's political base pushed for this move, intending it to be a blow to Iran and it's hardliners, but also as a shot at globalists who they feel have dragged America in the wrong direction for too long. Instead a major U.S. manufacturer takes a hit and Iran's major allies find an opportunity.
"When there's a vacuum created, it tends to get filled," says Goldy Hyder, president and CEO of Hill and Knowlton Strategies. The United States may be pulling out of the deal, but he says the Europeans are trying to keep it alive.
And if there is a vacuum, he says it's pretty obvious who will step in to fill it.
"Ironically the actions here could well benefit Russia and China," said Hyder.
Russia will happily jump at the opportunity to sell planes to Iran, while China will gobble up as much Iranian oil as it can get.
Meanwhile, there's no end of uncertainty in the U.S.
Boeing is among the 1st casualties of the hardline on Iran | CBC News
Now Trump (a lefty President if you were confused) is going to make them pay at least $20B for doing nothing of value.
Shame.
Boeing is among the 1st casualties of the hardline on Iran
Consequences are funny things. Donald Trump and an increasingly hawkish foreign policy team tore up the landmark nuclear agreement with Iran this week, as Trump's anti-globalist support base back home cheered the move.
Yet among the first victims of the decision is not Iran's hardliners, nor even Iran's economy.
It was instead the American aerospace firm Boeing that lost; Washington has said it will now revoke Boeing's licence to sell $20 billion US of aircraft to Iran.
"[There is] a great deal of rattling of the markets," says Bessma Momani, a senior fellow at the Centre for International Governance and Innovation in Waterloo, Ont.
"That will continue, particularly as a lot of companies start to recognize how much they're going to lose."
Trump's political base pushed for this move, intending it to be a blow to Iran and it's hardliners, but also as a shot at globalists who they feel have dragged America in the wrong direction for too long. Instead a major U.S. manufacturer takes a hit and Iran's major allies find an opportunity.
"When there's a vacuum created, it tends to get filled," says Goldy Hyder, president and CEO of Hill and Knowlton Strategies. The United States may be pulling out of the deal, but he says the Europeans are trying to keep it alive.
And if there is a vacuum, he says it's pretty obvious who will step in to fill it.
"Ironically the actions here could well benefit Russia and China," said Hyder.
Russia will happily jump at the opportunity to sell planes to Iran, while China will gobble up as much Iranian oil as it can get.
Meanwhile, there's no end of uncertainty in the U.S.
Boeing is among the 1st casualties of the hardline on Iran | CBC News
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