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US escalates trade dispute with UK and Canada over Bombardier
Source: The Guardian and agencies
US escalates trade dispute with UK and Canada over Bombardier
Plans for further 80% duty on export of aircraft built by company that employs more than 4,000 people in Belfast
Julia Gregory and agencies
Friday 6 October 2017 20.20 BST
The US has escalated its trade dispute with Britain and Canada by announcing plans to slap a further 80% duty on the export of planes built by Bombardier.
The move follows complaints by Boeing that Canadian-owned Bombardier, which employs more than 4,000 people in Belfast, had dumped its C Series jets at “absurdly low” prices.
Bombardier is facing a planned 220% tariff as part of a separate investigation, the US Department of Commerce confirmed.
A second levy of 80% is also being applied to Bombardier’s sales to the US after a preliminary finding that the jets were sold below cost price to Delta Air Lines in 2016.
-snip-
Plans for further 80% duty on export of aircraft built by company that employs more than 4,000 people in Belfast
Julia Gregory and agencies
Friday 6 October 2017 20.20 BST
The US has escalated its trade dispute with Britain and Canada by announcing plans to slap a further 80% duty on the export of planes built by Bombardier.
The move follows complaints by Boeing that Canadian-owned Bombardier, which employs more than 4,000 people in Belfast, had dumped its C Series jets at “absurdly low” prices.
Bombardier is facing a planned 220% tariff as part of a separate investigation, the US Department of Commerce confirmed.
A second levy of 80% is also being applied to Bombardier’s sales to the US after a preliminary finding that the jets were sold below cost price to Delta Air Lines in 2016.
-snip-
Read more: https://www.theguardian.com/business/2017/oct/06/us-escalates-trade-dispute-with-uk-and-canada-over-bombardier-jets
