US imposes 300% import tariff on Bombardier



The US Chamber of Commerce has rejected an appeal against the huge tariffs it has imposed on Bombardier in favour of rival aerospace firm Boeing.
A further tariff of 80% was imposed on the import of Bombardier’s C-Series, adding to the 220% rate already introduced by Congress. Boeing has claimed that Bombardier benefited from illegal state subsidies from Canada and the UK and dumped the planes at “absurdly low” prices.
 The imposition of massive tariffs on US imports threatens Bombardier jobs in Northern Ireland: 4,000 are directly linked to the construction of the C-Series.
The BBC says... read more

 
9 October 2017 in Business, Views: 87
Source: The Week
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