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Bombardier wins bid to overturn 292% tariffs at U.S. trade body [CBC (Canadian Broadcasting Corporation)]

BOEING (BA)  More Company Research Source: CBC
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF Bombardier wins bid to overturn 292% tariffs at U.S. trade body U.S. International Trade Commission says C Series planes do not harm U.S. industry, Delta welcomes decision Bombardier Inc. has won its fight against almost 300 per cent duties applied to U.S. imports of its C Series aircraft. The U.S. International Trade Commission in Washington, D.C., ruled Friday that "100- to 150-seat large civil aircraft from Canada do not injure U.S. industry." Boeing had claimed it stood to suffer harm by the planes, even though aircraft destined for U.S. customers are now slated to come from a new assembly line near the Airbus facility in Mobile, Ala. Montreal-based Bombardier needed to win support from three of four commissioners to put a stop to the punitive tariffs placed on its C Series aircraft, but the decision was unanimous. It's a victory for Canada as well as Bombardier and should "put some wind in the sails" of current NAFTA negotiations, said Karl Moore, an associate professor of the De [Read more]

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