Canada seeks to resolve Gulfstream dispute after Trump threat - News Summed Up

Canada seeks to resolve Gulfstream dispute after Trump threat


Transport Minister Steven MacKinnon told reporters in Ottawa on Tuesday that he does not interfere in aircraft certification, but he has communicated with the manufacturers in this case. Trump threatened last week to impose a 50% tariff on aircraft from Canada sold in the US and decertify all new Canadian-made planes until Ottawa agreed to approve certain jets made by Gulfstream, a unit of General Dynamics. Canada had “wrongfully, illegally, and steadfastly refused to certify the Gulfstream 500, 600, 700, and 800 Jets,” he said in a social media post on Thursday. Transport Canada has declined to comment on the certification status of these models, despite multiple requests. The firm’s shares have been recovering since a drop on Friday, and were up 2.67% at 11.12am Toronto time on Tuesday.


Source: The Edge Markets February 03, 2026 16:58 UTC



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