US imposing 220% duty on Bombardier planes

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  • #12020
    Assistanc3
    Participant

    [article]214[/article]

    #12029
    Truman
    Participant

    Huge jump – wow – to our friends across the border to not an enemy state. Interesting with the accusations – one would assume Boeing had evidence to back it up. The US has lots of subsidies – why is IOWA such a key state for the elections for example? The public like everything has their head in the sand – maybe Bombardier should take a knee?

    #12032
    Truman
    Participant

    A3 I didn’t realize this was such a big story in Britain – thanks for sharing – love this site 🙂

    In a series of tweets from the official Twitter account of the prime minister’s office, No 10 said:

    “Bitterly disappointed by initial Bombardier ruling. The government will continue to work with the company to protect vital jobs for Northern Ireland.”

    Bombardier is Northern Ireland’s biggest hi-tech employer with more than 4,000 workers at its east Belfast plant.

    About 1,000 jobs are linked to its C-Series project – the construction of wings and the fuselage for a new series of passenger jets for Delta, for which Bombardier won the contract.

    The commerce department said on Tuesday: “Boeing claimed that Bombardier’s C-Series aircraft, part of which is made in Belfast, are being ‘subsidised’, in part, due to a $1bn [£740m] bailout by the regional Quebec government in Canada.”

    Both sides will have to wait until February for a final ruling on the pricing policy to be made by official US agencies, trade unionists said.

    Bombardier supports hundreds of other jobs in Northern Ireland through its suppliers and has been a major employer in the region for almost 30 years.

    The operation’s immediate future was secured after Bombardier signed a $5.6bn deal last year to provide its new aircraft to Delta Airlines. If imposed, the duties would more than triple the cost of a C-Series aircraft sold in the US to about $61m per plane, based on Boeing’s assertion that Delta received the planes for $19m each.

    #12033
    Assistanc3
    Participant

    That Bombardier factory is located in the town that is currently allowing May to hold power

    #12050
    Assistanc3
    Participant

    Theresa May threatens to blacklist Boeing after America puts over 4,000 UK jobs at risk with threat of tariff on UK-made Bombardier passenger jet

    Defence Secretary Sir Michael Fallon

    “This is not the behaviour we expect of Boeing and could indeed jeopardise our future relationship with Boeing.”

    Boeing stand to gain a lot of British defence spending.

    We have contracts in place with Boeing for new maritime patrol aircraft and for Apache attack helicopters and they will also be bidding for other defence work and this kind of behaviour clearly could jeopardise our future relationship with Boeing.”

    #12052
    Assistanc3
    Participant

    Quebec Premier
    “Not a part, not a plane from Boeing should enter Canada,”

    #12054
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=1775]That Bombardier factory is located in the town that is currently allowing May to hold power[/quote]

    You can’t make this stuff up – these stories just more and more bizarre – unintended consequences

    #12136
    ClemSnide
    Participant

    Anything more on this story? It has so many political twists but barely covered here – all I hear is NFL, Knees, Celebrity, blah blah blah

    #12144
    Assistanc3
    Participant

    Bombardier Inc. sustained another blow Friday as the World Trade Organization formally established a panel to review CSeries subsidies at the request of Brazil’s Embraer S.A., just days after the U.S. imposed massive duties after its American rival petitioned its government.
    [hr]
    Canada’s Bombardier Inc missed out on a merger of its rail unit with Germany’s Siemens because of a reluctance by Siemens to cede control of its business, allowing France’s Alstom to clinch a deal with the German firm, with help from new French president Macron, three sources close to the negotiations told Reuters. Siemens & Alstom merge rail business in setback for Bombardier

    #12147
    Assistanc3
    Participant

    Winnipeg mayor calls out Quebec premier over Boeing fight

    “Cooler heads do need to prevail,” Bowman said. “I’m very concerned.

    “Comments that certainly sound protectionist and ignore the reality that Winnipeg has the third-largest aerospace sector in the country I don’t think are helpful.”

    “there are more than 4,000 aerospace jobs in Manitoba and Boeing parts are made in Winnipeg. ”
    Winnipeg Mayor Brian Bowman

    #12151
    Truman
    Participant

    Thank you for the updates A3 – this story is getting more and more intriguing with so many different angles

    #12367
    Assistanc3
    Participant

    The United States government has hit Bombardier Inc. with a 79.82% anti-dumping duty, just over a week after it imposed a massive countervailing duty that effectively halts its ability to sell its CSeries jet in the U.S. market.

    In its preliminary determination released Friday, the U.S. Department of Commerce sided again with the Boeing Co., which launched the complaint, and ruled that Bombardier had been dumping its CSeries aircraft into the United States. All U.S.-bound imports of the CSeries jets will now be subject to the 79.82 per cent anti-dumping duty.

    #12643
    Assistanc3
    Participant

    Bombardier has struck an agreement to sell control of its marquee C Series airliner program to Europe’s Airbus Group SE, a bet that handing the keys to a better-financed global giant will ensure the Canadian plane maker’s future in the face of relentless competition and punishingly high tariffs imposed by the United States.

    Airbus agrees to buy a 50.01% interest in a CSeries limited partnership and provide procurement, sales and marketing and customer support expertise to the airliner program; Bombardier’s stake will total 31%, and Quebec’s government will own 19%.

    Bombardier believes the partnership should more than double the value of the CSeries program and ensure the airliner realizes its full potential, Bombardier chief executive Alain Bellemare says.

    “Airbus is the perfect partner for us, Quebec and Canada,”Bellemare said in a statement. “Their global scale, strong customer relationship and operational expertise are key ingredients for unleashing the full value of the C Series.”

    #12645
    MoneyNeverSleeps
    Participant

    This story keeps growing new legs – now its a battle between the two big ones Airbus and Boeing – well played.

    #14653
    Assistanc3
    Participant

    U.S. International Trade Commission has ruled against aerospace giant Boeing in a bitter trade case it brought against Bombardier over passenger jets its Canadian rival sold to Delta Air Lines.

    The 4-0 decision is defeat for Boeing, which had argued that Bombardier’s trade practices were illegal and harmful to its business. Bombardier argued that Boeing did not have a comparable plane to offer Delta.

    https://www.cnbc.com/2018/01/26/boeing-loses-trade-case-over-bombardier-passenger-jets.html

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