U.S. court strikes down 300 percent tariff on Canadian jets [CBS News]
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Source: CBS News
A U.S. trade panel has struck down a tariff of almost 300 percent levied on Canadian aircraft maker Bombardier, representing a major defeat for U.S. aircraft giant Boeing ( BA ). The unanimous decision from the U.S. International Trade Commission effectively blocks the Commerce Department's plans to slap 292 percent tariffs on Bombardier. Commerce ruled last year that the Canadian firm had unfairly received government subsidies and sold its C series planes at artificially low prices in the United States. The case threatened to raise tensions between Washington and U.S. allies Canada and Britain, which has a Bombardier plant. The trade court said it hadn't found Boeing was materially harmed by Bombardier's trade practices. Bombardier immediately praised the ruling as a victory for innovation, competition, and the rule of law. Delta ( DAL ), which is the only U.S. airline to purchase the C series, also praised the decision. Delta is pleased by the U.S. International
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BA
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- 4/24/24 - Beat
BA
Sec Filings
- 4/24/24 - Form PX14A6G
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- BA's page on the SEC website