FT News Briefing WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners
Oct 14, 2020
The EU is now poised to impose $4 billion in tariffs on US goods due to illegal aid to Boeing. Meanwhile, the IMF warns that the pandemic will cause lasting damage to global living standards. Hedge funds are increasingly betting against the stock market's pandemic winners, as they believe those high-flying stocks may have peaked. Additionally, Apple is making its entrance into the 5G market with a new line of iPhones, adding to the market's shifting dynamics.
AI Snips
Chapters
Transcript
Episode notes
WTO Ruling on Boeing-Airbus Dispute
- The WTO ruled that both Boeing and Airbus received illegal subsidies, allowing the EU to impose tariffs on $4 billion of US goods.
- This decision concludes a 16-year dispute, but further negotiations are needed for a long-term solution.
Potential Impact and Next Steps
- The EU could impose tariffs on key US products like aircraft and blueberries.
- While the EU could retaliate immediately, both sides are open to negotiations to avoid escalating the trade war.
WTO Leadership Selection
- The WTO's next leader will be chosen from two female candidates: Ngozi Okonjo-Iweala (Nigeria) and Yoo Myung-hee (South Korea).
- The decision is expected in early November after a period of campaigning and member voting.