lakeelmoleader.com
lakeelmoleader.com February 21, 2018


US Trade Commission Blocks 300% Tariffs On Bombardier CSeries Planes

28 January 2018, 12:08 | Frank Carlson

Ruling Due In Boeing Trade Spat; Trump At Davos: Investing Action Plan

Bombardier ruling due Friday amid spate of US protectionism

The result had been expected to go in favour of the United States aerospace giant.

It's "a great, nearly stunning victory for Bombardier, given some of the comments of the Trump administration and some other people, but it strikes me as a very sound decision", he told CBC News. However, Delta provided no update on its delivery schedule.

Workers in the North were said to be "jubilant".

But Richard Aboulafia of the Teal Group said he doesn't believe the ruling will unleash a torrent of orders because so few American airlines ordered the C Series even though it has been available to purchase for a decade.

TUC General Secretary Frances O'Grady said: "This is great news for thousands of Bombardier workers, as well as workers in their supply chain". The ITC consequently shot down the U.S. aerospace giant's pleas for 300% duties against Bombardier, a measure that received the backing of the U.S. Commerce Department last month.

The court rejected Boeing's claims that it suffered injury in the case. Canadian Prime Minister Justin Trudeau said he told President Trump in October that the proposed tariff was "not something that is warranted and something we look very negatively upon".

"This ruling is testament to the unwavering campaign by all, It will come as a huge relief to Bombardier and the thousands of workers and their families". "Integration planning is going well and we look forward to delivering the C Series to the USA market", the company said in a statement.

Boeing has claimed Bombardier sold each 108-133-seat CS100 for just $19.6 million, arguing they actually cost $33.2 million to make.

The ruling comes after Theresa May met USA president Donald Trump at the World Economic Forum in Davos, Switzerland, on Thursday.

The decision was surprising, said Richard Aboulafia, vice president at Teal Group because it broke with the Commerce Department's recommendation for tariffs.

Marshall County shooting suspect due in court; Governor Bevin orders flags lowered
Her mother described her as "a ideal sweet soul" and called the tragedy "unbearable for our family". "I'm gonna miss her smile". Almost 18 of the wounded were injured by gunfire and a few were hurt while trying to escape, state police said Tuesday night.

"They are the true market leaders", Conner said.

"It means the world's largest market for the C Series is wide open, where if it had gone the other way, it would have shut it down", he said. The case raised hackles in the U.K.as well, with the government anxious about the potential fallout for a Bombardier factory in Northern Ireland.

The company called the ruling "a victory for innovation, competition, and the rule of law".

The aircraft has not taken conveyance of the C Series streams yet, so it had not been subjected to the levies.

"We are extremely proud of our employees, investors and suppliers, who have worked together to bring this remarkable aircraft to the market".

Bombardier says it will now move to finalize its partnership with Airbus SE.

Bombardier hailed the unanimous vote.

Bombardier's Belfast facility manufacturers the primary structural components of every CSeries wing using its patented resin transfer infusion process.

The dispute has stressed trade agreements between Canada and the United States. "Bombardier and its innovative workforce play a vital role in the Northern Ireland economy", she said.

Bombardier shares punched up almost 13 per cent to $3.46 in afternoon trading Friday on the Toronto Stock Exchange as some uncertainty lifted for the company.



Other News

Trending Now

Ben Stokes signed for £1.4m by Rajasthan Royals in 2018 IPL
These include 361 Indian cricketers and 25 from England. "Chennai got the South African captain at a very good price". Well, for one, CSK will try and buy back as much of their core, as will Mumbai . 75 lakh ($161,500): Martin Guptill.

Egyptian President Aspires to Second Term of Office
Would-be candidates for the presidency must register with the National Elections Authority by January 29. He called on Egypt's state institutions to "remain neutral" and not to take sides in the election.

Grumpy Cat awarded $700000 in copyright infringement lawsuit
She has travelled the world making television appearances and in 2014, the cat even starred in her own Christmas film. Tardar Sauce and her owner were awarded $710,000 in damages after winning the lawsuit.

Catholic Appointed as US Ambassador for Religious Freedom
Two Republican dissenters would be enough to sink his nomination if every Democrat opposed Brownback. Senate narrowly confirmed Brownback's nomination for Ambassador at Large for International Freedom.

Venezuelan assembly orders elections by April 30
That's because Venezuela is the world's worst economic basket case today, and the country is mired in a humanitarian crisis. Shortly after the announcement Maduro said he would accept a nomination for re-election from his United Socialist Party.

Named the date of the presentation of the flagship Galaxy S9
The Galaxy S9 duo will retain the S8's design with a slightly smaller bottom lip and a single rear camera for the smaller S9. The fingerprint scanner was present alongside the camera lens at the back, on the Galaxy S8 devices.

MSU Students Protest Administration, Support Larry Nassar Victims at Rally
It also required all USAG staff and board members to complete various safety and ethics training courses over the next six months. By February of this year, Klages was holding team meetings saying MSU gymnasts should do what they could to support Nassar.

No bond set for two suspects in deadly kidnapping
Despite this, Smith said there's no indication that the suspects have ties to any cartel, according to The Houston Chronicle . "FBI was conducting an operation at a home in the 7300 block of Elbert Street in Northeast Houston ".

Mayor De Blasio Will Not Attend Meeting With Trump At White House
Trump has likewise been critical of his hometown mayor, previously calling de Blasio a "disaster" who was doing a "horrible job". Chicago was among the first to do so in 2014 ; the lawsuit is yet to be resolved.

Zainab murder case: ATC remands key suspect to 14-day police custody
The breakthrough came in what officials are calling a serial murder case and which has stirred outrage across the country. Reports say the culprit disappeared from the neighbourhood shortly after his release.