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US: Court strikes down 300% tariff on Canadian jets

By  |  January 28, 2018

A US trade panel has struck down a tariff of almost 300% levied on Canadian aircraft maker Bombardier, representing a major defeat for US aircraft giant Boeing.

The unanimous decision from the US International Trade Commission effectively blocks the Commerce Department’s plans to slap 292% tariffs on Bombardier.

The Commerce Department 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 US 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, which is the only US airline to purchase the C series, also praised the decision.

Full Content: CNBC

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