Boeing suffers blow as trade court blocks 300% tariff against Bombardier

Boeing suffers blow as trade court blocks 300% tariff against Bombardier

A bipartisantrade panel on Friday blocked the USA government's decision past year to impose almost 300 percent punitive tariffs on airplanes manufactured by Canada's Bombardier in a dispute that has inflamed relations with Ottawa.

"Today's decision is a victory for innovation, competition and the rule of law", Montreal-based Bombardier said in an emailed statement. The C Series is a world beating aircraft made by world class workers.

Bombardier says it will now move to finalize its partnership with Airbus SE. As per Boeing's main line of defense, those prices were impossible without Canada - and specifically, Quebec government subsidies.

Boeing said it would review the trade panel's finding and vowed to protect USA industry from "illegal business practices" at Bombardier.

Aerospace experts were surprised by the size of the tariff, which effectively quadruples the price that airlines like Delta would have to pay when they acquire C Series planes.

"Delta is pleased by the ITC's ruling rejecting Boeing's anticompetitive attempt to deny US airlines and the USA traveling public access to the state-of-the-art 110-seat CS100 aircraft when Boeing offers no viable alternative", Delta said.

The carrier said it was looking forward to adding the plane to its fleet.

The bitter trade dispute between the two aircraft manufacturers escalated.

The Trump administration has threatened to impose duties of 292%.

US -based Delta Air Lines has placed a firm order for 75 CS100 planes.

How to see the 'super blue blood moon'
If you live on the west coast, you're in for a rare treat in the wee hours of January 31: a " blue moon " lunar eclipse . In addition, the full moon (10:47 am Wednesday) is also the second of the month, which is the " Blue Moon ".

Canadian billionaire couple were victims of a 'targeted murder', police say
But that theory was never publicly confirmed by authorities and family said that would have been wildly out of character. January 26, 2018: Toronto police say the Shermans were targeted and their deaths are ruled a double-homicide.

Tariffs are not good for U.S. consumers
All that promises to make 2018 a busy, and noisy, year for trade disputes. "We import most of our oil from overseas", he said. But doing so will be a tricky proposition because any dealing with China involves so many economic and geopolitical elements.

Boeing argued before the ITC that the CSeries was first developed and then later saved from complete financial collapse by large subsidies from the governments of Canada and the United Kingdom.

Shares of Boeing were down 0.2% at 342.40 on the stock market today.

"Boeing's previous attempts to exclude Embraer from the ITC's analysis has resulted in a fundamentally flawed assessment of the market that we believe needs to be addressed", he wrote in an email. Bombardier shares jumped more than 15 percent.

Ray Conner, vice chairman of Boeing, told the commission in May that major US airlines like Delta are among the biggest and most respected airlines in the world, which could spur other carriers to buy Bombardier planes.

"It is supposed to be an independent tribunal that looks at the facts and that's what I would argue they've done", he said. "These campaigns help determine whether a new airplane will thrive or die". Right now, that 300 million-dollar deal between Bombardier and Airbus is still scheduled to close later this year.

As Reuters reports, U.S.

Even in the case of an appeal, Boeing will have to work and rethink its strategy to prove the damage and sustain 737-700 and MAX 7 programs. Delta in December also selected AIrbus over Boeing for an order of up to 200 new single-aisle jets.

"Now let Bombardier get on with what it does best; building great planes".

"Yes, we will proceed with the Alabama [final assembly line]".

Airbus CEO Tom Enders said in a statement - "We are happy to see that the ITC concurred with our views".

Related news:

Hot News

isis-killer-beheading-video-story-top Karnataka Bandh today over Mahadayi river dispute; Schools, Offices remain shut
Jan 28, 2018 - 00:55
Repeated efforts by the state seeking the prime minister's intervention to solve the issue has also not been successful. This will help in augmenting the drinking water supply to Hubballi-Dharwad and districts of Belagavi and Gadag.

isis-killer-beheading-video-story-top SpaceX's Falcon Heavy to launch Musk's Tesla into space on Feb
Jan 28, 2018 - 00:51
The launch should happen in the afternoon of February 6th, with a backup window on February 7th. Musk said in July that developing the new rocket has proven more challenging than expected.

isis-killer-beheading-video-story-top IOS 11.3 to bring battery health status, new Animoji and more
Jan 28, 2018 - 00:39
Business Chat doesn't share the user's contact information with businesses, Apple stated, and users can exit a chat at any time. Advanced Mobile Location - also known as "AML" - automatically sends the user's location when they the emergency services.

isis-killer-beheading-video-story-top Bungie plans on fixing Destiny 2's controversial shader system
Jan 27, 2018 - 20:29
On Thursday, Bungie announced that the January update for the game will come alongside the year's inaugural Iron Banner week. It appears that the developer Bungie has granted some of those requests , at least with the first major update for 2018.

isis-killer-beheading-video-story-top FBI Accidentally Kills Victim of 'Movie-Style' Kidnapping
Jan 27, 2018 - 20:25
The two suspects contacted Valladares' brother and demanded a ransom of $20,000 for his safe return, according to court documents. Investigators said FBI agents were conducting an operation at the home when the victim, Ulises Villadares, was shot.

isis-killer-beheading-video-story-top Tiger Woods in danger of missing cut
Jan 27, 2018 - 20:25
Woods was grinding on Friday to make the weekend cut in the Farmers Insurance Open at Torrey Pines in San Diego. Woods is returning after fusion surgery on his lower back last April, his fourth back operation in three years.

isis-killer-beheading-video-story-top Could WWE chairman Vince McMahon's XFL rival the NFL?
Jan 27, 2018 - 20:25
The 72-year-old claims that XFL players will be evaluated on "many things including the quality of human being they are". But despite their relationship, the wrestling mogul said that he doesn't know if Trump will agree with his new idea.

isis-killer-beheading-video-story-top Top US court halts murderer's execution
Jan 27, 2018 - 20:23
If they fail to proceed, the Alabama Attorney General's Office must request a new execution date from the Alabama Supreme Court. A law enacted in Alabama previous year eliminates the ability of judges to override juries' recommendations in capital cases .

isis-killer-beheading-video-story-top United States needs to withdraw from Syria's Manbij region immediately: Turkish FM
Jan 27, 2018 - 20:23
An expansion of Turkey's ground and aerial assault on the YPG to Manbij could result in conflict with United States troops. Ankara considers the YPG a terrorist organization linked to a Kurdish insurgency inside Turkey.

isis-killer-beheading-video-story-top Ben Stokes bags £1.4m deal with Rajasthan Royals in IPL auction
Jan 27, 2018 - 20:22
How many players will feature in the IPL auction? Royal Challengers Bangalore have only INR 49 crore (US $7.65m) to spend. Krunal Pandya - Mumbai Indians bought Krunal after the defending champions used the Right to Match card for him.

isis-killer-beheading-video-story-top Snapchat Update Now Lets Users Share Videos Outside App
Jan 26, 2018 - 02:48
The company is now making it easier for users to share and watch Snapchat videos outside the multimedia app. Twitter hasn't commented on the report and it's unclear right now if and when these changes will go live.

isis-killer-beheading-video-story-top Sir Elton John to Retire from Touring
Jan 26, 2018 - 02:46
John said he will visit "every continent in the world". " Elton is embarking on the next phase of his creative journey". He wrote on Instagram that " will be fully back online as soon as possible".

isis-killer-beheading-video-story-top Mnuchin Plays Down Dollar Comments After Selloff
Jan 26, 2018 - 02:45
The dollar index is now trading at 89.1; continuing its decline that started back in December 2016. On Thursday, Mnuchin said this is not a "shift in my position on the dollar at all".

isis-killer-beheading-video-story-top DOJ Threatens To Subpoena Oregon Over Immigration Policies
Jan 26, 2018 - 02:45
Bernalillo County was one of roughly two dozen jurisdictions to receive warning letters Wednesday from the Justice Department . Conference of Mayors, blasted the letter as demonstration that "this administration lacks a moral compass".

isis-killer-beheading-video-story-top Is Human Cloning Next, Now that this Chinese Team has Cloned Monkeys?
Jan 26, 2018 - 02:44
In this study, we have successfully cloned cynomolgus monkeys ( Macaca fascicularis ) by somatic cell nuclear transfer (SCNT). The technique has brought science on the crucial point to being capable of doing the same in case of humans.