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EU-U.S. Trade War Escalates Over Disputed Aviation Subsidies
The two sets of punitive measures are the latest twists in a 14-year-old dispute that the U.S. and EU have fought at the World Trade Organization, with each side accusing the other of illegally subsidizing their main aircraft makers. President Donald Trump's administration on Monday said it would impose tariffs on $11 billion in imports from the EU because of the European aid.

< yawn >

gonna make that up in NOx-mobiles

Diversity is the key to economic and political evolution.

by Cat on Wed Apr 10th, 2019 at 06:47:02 PM EST
[ Parent ]
China agrees to buy 320 Airbus A320 planes, 10 A350s, 25 March 2019
EU threatens US with €19 billion of tariffs in response to Boeing subsidies, 12 April 2019
"It is part of the preparatory work to respond to US subsidies given by Washington State to Boeing, in the long WTO dispute between the EU and US for the financial aid they provided to their plane makers."

Diversity is the key to economic and political evolution.
by Cat on Sun Apr 14th, 2019 at 12:28:15 AM EST
[ Parent ]
AP | EU threatens to tax $20 billion $21.48B of US goods over Boeing aid

parity watch: EUR:USD, 1:1.1305

Can I get a buck twenty even up in here?! GO TRUMP! BIGLY!!!

Diversity is the key to economic and political evolution.

by Cat on Wed Apr 17th, 2019 at 05:34:52 PM EST
[ Parent ]
parity watch: EUR:SEK, 1:10.4529
cheaper 'n RMB, yo. needs moar growths.

SPUTNIK | Free Fall of Swedish Krona Compared With 'Countries After Coup d'Etat'
well sourced with third-parties, notably Riksbank-Nordea forward-looking statement, including heh heh heh honorable mention of Zygmunt "until further notice" Bauman.

OOPS. Sweden Exports By Country in U.S. dollars, according to the United Nations COMTRADE database

Diversity is the key to economic and political evolution.

by Cat on Thu Apr 18th, 2019 at 02:15:58 PM EST
[ Parent ]
The SEK was lower than this during the economic crisis, due to the flight to stability phenomenon. It has been pretty stable around 10,5 vs the euro for a year.

Unless and until Sweden decides to join the euro (a prospect that last poll I saw had support for in single digits), the currency will float. Sputnik chooses the reference point to compare with when the euro was at its weakest in 2012, but that was not because the krona was strong, it was because the eurozone being in crisis.

Russian media's narrative regarding Sweden is mainly the standard "Western country in unmasculine decline", which they serve whether it fits the occasion or not, sometimes flavoured with Charles XII references.

by fjallstrom on Thu Apr 18th, 2019 at 06:02:57 PM EST
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I pointed to third-pary sources linked in the article.

What do you have?

Diversity is the key to economic and political evolution.

by Cat on Thu Apr 18th, 2019 at 07:12:21 PM EST
[ Parent ]
That said, an argument for indifference, SEK devaluation relative to EUR, USD, RMB, or RUB for that matter, given current trade balance and domestic demand.

Swedish economy isn't exactly Egyptian economy, for example, is it?

Diversity is the key to economic and political evolution.

by Cat on Thu Apr 18th, 2019 at 07:18:05 PM EST
[ Parent ]

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