US trade court rules against Boeing in dispute with Canada - News Summed Up

US trade court rules against Boeing in dispute with Canada


WASHINGTON — Delivering a big defeat to Boeing, a U.S. trade panel ruled Friday that the U.S. aircraft giant was not harmed by competition from Canada’s Bombardier. The 4-0 decision by the independent International Trade Commission effectively blocks the Trump administration from slapping 292 per cent tariffs on Bombardier. The Commerce Department ruled last year that the Canadian firm had unfairly received government subsidies and sold its C series planes at artificially low prices in the United States. The case threatened to raise tensions between Washington and U.S. allies Canada and Britain, which has a Bombardier plant in Northern Ireland. Last October, Bombardier sold a majority stake in the C Series program to Europe’s Airbus for no cost.


Source: National Post January 26, 2018 20:01 UTC



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