Canada's Bombardier wins big over Boeing in trade dispute

Canada's Bombardier wins big over Boeing in trade dispute

The question was over the offer of Bombardier's about 100-situate C Series planes, which Boeing grumbled to the US government were sold to Delta beneath their cost of generation and that the program got illicit sponsorships from Canadian government.

Bombardier Inc. can start shipping C Series jets to Delta Air Lines Inc. after a surprise ruling by a USA trade panel that said the proposed imports won't hurt American industry. Last year, the number of anti-dumping and countervailing duty investigations launched by the Commerce Department rose more than 60 percent.

Bombardier called the decision "a victory for innovation, competition, and the rule of law".

The US manufacturer said it would review the USITC's more detailed opinions in full as they are released in the coming days.

Airbus has said it will add an assembly line at its plant in Alabama for the C Series, potentially skirting the tariff.

Boeing said it would "continue to document any harm to Boeing and our extensive US supply chain that results from illegal subsidies and dumped pricing".

How tough he talks on trade may swing markets, which became more nervous about a potential trade war after the US imposed tariffs on imports of solar panels and washing machines, hitting Chinese and South Korean companies.

Despite this, the overwhelming expectation was for a pro-Boeing decision by the USITC, which has very rarely voted against USA industry, according to Goldman.

The trade court said it hadn't found Boeing was materially harmed by Bombardier's trade practices.

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The ITC is an independent commission, appointed by the government and evenly split between Democrats and Republicans, that is charged with investigating the effects on US industry of dumped and subsidized imports.

A United States trade body is due to make its final ruling on the Bombardier aircraft imports dispute, which could threaten around 1,000 jobs at its Belfast plant. They ruled that there was no injury to US manufacturers, effectively forcing the US Commerce Department to reverse course on retaliatory countermeasures created to protect Boeing.

But the four-member commission ruled unanimously that "100- to 150-seat large civil aircraft from Canada do not injure US industry".

Boeing said the 737 Max 7, which is now the company's smallest passenger jet, is roughly comparable starting with 138 seats. Its development and production represent thousands of jobs in the United States, Canada, and the United Kingdom.... Airbus agreed to take over the CSeries program after the Commerce Department proposed the duties. "The plane's going to be assembled in Alabama for the US market, therefore it's creating American jobs", he said.

Immediately following the ruling Airbus tweeted: "We are happy to see that the ITC concurred with our views".

Boeing has said the cheap pricing in the Delta deal cascaded through the broader market, damaging its profits. Meanwhile, Boeing shares were trading slightly lower.

But the C Series has struggled in the cutthroat narrow-body market, where Boeing and Airbus sell most of their planes.

"With this matter behind us, we are moving full speed ahead with finalizing our partnership with Airbus", the statement added.

This unexpected good turn of events is tempered by the devastating news that around 300 jobs have been put in serious danger at the Kilroot and Ballylumford power stations because of a failure to win a significant contract.

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