9 October 2017 11:09 am
WASHINGTON, (Reuters), OCTOBER 07, 2017 - The U.S. Commerce Department has notched up proposed trade duties on Bombardier Inc.’s CSeries jets to almost 300%, affirming Boeing Co.’s complaint that the Canadian company received illegal subsidies and dumped the planes at “absurdly low” prices.
The decision underscored the defensive trade policy of U.S. President Donald Trump, and could effectively halt sales of Bombardier’s innovative new plane to U.S. airlines by quadrupling the cost of the jets imported to the United States.