Home Daily Blitz U.S. Slaps Duties On Bombardier Jets After Boeing Subsidy Complaint
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U.S. Slaps Duties On Bombardier Jets After Boeing Subsidy Complaint

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The Bombardier factory is seen in Belfast, Northern Ireland September 26, 2017. REUTERS/Clodagh Kilcoyne

The following is an excerpt from Allison Lampert, Alwyn Scott | September 26, 2017 | reuters.com |

(Reuters) - The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc’s CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbors.

The department said it imposed a steep 219.63 percent countervailing duty on Bombardier’s new commercial jets after it made a preliminary finding of subsidization. Boeing has complained the 110-to-130 seat aircraft were dumped below cost in the U.S. market last year while benefiting from unfair subsidies.

An April 2016 order for 75 CSeries jets from Delta Air Lines stemmed from the same harmful sales practices European rival Airbus SE employed to win business in the 1990s, according to Boeing.

For more visit: reuters.com

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