IN THE SKIES
U.S. Trade Commission Strikes Down Canadian Jet Tariff
The U.S. International Trade Commission on Friday struck down a 300-percent tariff against narrow-body Canadian jetliners, ruling against American-based Boeing and siding with Montreal-based Bombardier.
The latter company made a $5 billion deal with Delta Air Lines, which Boeing claimed to be a violation of U.S. trade laws. Boeing attempted to argue that Bombardier is a direct competitor, thus justifying the 300-percent tariff.
The judge, however, claimed that Bombardier’s trade practices have not “materially harmed” Boeing’s business. The surprise ruing from the trade commission comes as a “growing number of U.S. companies file complaints against overseas rivals,” hoping to win favor with President Trump’s “America First” trade outlook.
READ IT AT THE WASHINGTON POST
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