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U.S trade body backs Canadian plane maker Bombardier against Boeing [Reuters]

BOEING (BA)  More Company Research Source: Reuters
Last boeing earnings: 1/31 07:30 am Check Earnings Report
PDF U.S trade body backs Canadian plane maker Bombardier against Boeing | Reuters 5 Min Read MONTREAL, WASHINGTON (Reuters) - A U.S. trade commission on Friday handed an unexpected victory to Bombardier Inc ( BBDb.TO ) against Boeing Co , in a ruling that allows the Canadian plane-and-train maker to sell its newest jets to U.S. airlines without heavy duties, sending the company’s shares up 15 percent. The U.S. International Trade Commission’s unanimous decision is the latest twist in U.S.-Canadian trade relations that have been complicated by disputes over tariffs on Canadian lumber and U.S. milk and U.S. President Donald Trump’s desire to renegotiate or even abandon NAFTA. Trump, who did not weigh in on the dispute personally, took his “America First” message to the world’s elite on Friday, telling a summit that the United States would “no longer turn a blind eye” to what he described as unfair trade practices. The ITC’s commissioners voted 4-0 that Bombardier’s prices did not harm Boe [Read more]

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