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U.S. moves to impose tariffs of as much as 219 percent on Canadian jet maker, siding with Boeing
Source: Washington Post
U.S. moves to impose tariffs of as much as 219 percent on Canadian jet maker, siding with Boeing
By Aaron Gregg September 26 at 6:35 PM
The U.S. government moved to impose tariffs on Canadian jetliners Tuesday when it ruled in favor of a complaint by U.S. aircraft maker Boeing that claimed rival Bombardier is receiving unfair government subsidies.
The department suggested the tariffs could be as high as 219 percent. The action threatens to further inflame trade tensions between the two North American neighbors. Earlier this year, the Commerce Department moved to impose new duties on the import of Canadian soft lumber and President Trump has signaled his interest to renegotiate the terms of the North America Free Trade Agreement between the two nations.
Bombardier has sold aircraft to U.S. carriers for decades. But Boeing’s complaint follows a multibillion-dollar deal struck between Bombardier and Atlanta-based Delta Air Lines for 75 C-series CS-100’s, a commercial airplane that seats about 100 people.
Following the deal, Boeing formally asked the U.S. Commerce Department to investigate what it called illegal government subsidies and unfair pricing practices that have allegedly given the Canadian company an unfair advantage as it competes for business in the United States.
-snip-
By Aaron Gregg September 26 at 6:35 PM
The U.S. government moved to impose tariffs on Canadian jetliners Tuesday when it ruled in favor of a complaint by U.S. aircraft maker Boeing that claimed rival Bombardier is receiving unfair government subsidies.
The department suggested the tariffs could be as high as 219 percent. The action threatens to further inflame trade tensions between the two North American neighbors. Earlier this year, the Commerce Department moved to impose new duties on the import of Canadian soft lumber and President Trump has signaled his interest to renegotiate the terms of the North America Free Trade Agreement between the two nations.
Bombardier has sold aircraft to U.S. carriers for decades. But Boeing’s complaint follows a multibillion-dollar deal struck between Bombardier and Atlanta-based Delta Air Lines for 75 C-series CS-100’s, a commercial airplane that seats about 100 people.
Following the deal, Boeing formally asked the U.S. Commerce Department to investigate what it called illegal government subsidies and unfair pricing practices that have allegedly given the Canadian company an unfair advantage as it competes for business in the United States.
-snip-
Read more: https://www.washingtonpost.com/business/economy/us-moves-to-impose-tariffs-on-canadian-jet-maker-siding-with-boeing/2017/09/26/9f67cf9e-a2ea-11e7-ade1-76d061d56efa_story.html
