- Aug 6, 2012
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Trust me America, ShockedCanadian tells no lies...a follow up to the already odd saga that is Bombardier.
As I explained many times regarding Canadas interference in the free market via the RCMP and their surrogates, Trump wins again. Full credit to Wilbur Ross in this (though he wisely deflected that he had anything to do with this during NAFTA negotiations), as he forced a 300% duty increase on Bombardier products. This means jobs will be shipped to Alabama where Airbus has manufacturing. All in an effort to avoid paying the costs of duties. Jobs shipped from Europe and Canada to America, because of American First policies.
The joke in all of this? Both Bombardier and the Canadian government (and opposition Conservatives) spoke how these duties were not going to fly, how they would be challenged in the WTO and Canada would win, yadda yadda. I told my wife that there was nothing Canada could do, we have been stabbing America in the back and we are now paying the Piper. All of this tough talk, yet, Bombardier literally sells at a discount ONLY the C-Series to European rival Airbus, the same product facing massive duty increases. Why is this? They KNOW they cannot avoid the duty increases, and they also know; thanks to people like myself who have emailed Boeing directly, that Canada is interfering in the free market.
In the email I sent many months ago I recall asking the Canadian government, Public Safety Minister Ralph Goodale and others to counter my assertion that Canadian operatives are working in corporations on Canadian soil, INCLUDING Bombardier out of Montreal. Though I didn't specifically name that company, as I was emailing Boeing, they would understand how my assertion might relate to their industry. Of course as always, Canada remained quiet, quite unhappy about how much I know and the names of operatives in many cases, continuing down the path of M.A.D with me. I made my point loud and clear, they didn't need to respond (in fact, not settling this with me is costing Canada FAR more than I ever could have won in a court case).
So, now America gains jobs, competition leaves Europe and Canada damages what little government sponsored innovation we had. Who wins in all of this? Why the same clowns who always win in Canada, the Canadian security apparatus and their political donors. As I've said 1000 times, they would gladly "sacrifice" Canadian jobs and the economy to maintain de facto control of the economy and it's citizens.
If this unheard of case of clear communist tactics doesn't illustrate how much leverage capitalist countries have over fake free market, I don't know what will. Check out the details of the "purchase", it was handed to them for free, paid for by Canadian taxpayers. Absolutely stunning. They are trying to avoid the lawsuit and maintain their communist tactics, along with our European friends. THIS is how guilt looks, along with soul sucking, innovation destroying globalism.
I hope Boeing continues the lawsuit and includes other Canadian products. oh, and this might address the duties, but doesn't address anti-dumping laws which are still ongoing and the case maybe even stronger now. Go big on this one Boeing!
Europe’s Airbus to acquire majority stake in Bombardier’s CSeries
Bombardier Inc. announced late Monday that rival aerospace giant Airbus SE will acquire a majority stake of its CSeries program, a big strategic move that comes as the company faces the prospect of permanent massive duties in the U.S.
Under the agreement, which was signed Monday, Airbus will acquire a 50.01-per-cent stake in the CSeries program and provide the division with procurement, sales and marketing and customer support expertise. Bombardier will now own approximately 31 per cent, while Investissement Quebec will own 19 per cent.
There will be no cash contribution by any of the partners and the CSeries program will not assume any financial debt, according to a news release.
“Airbus is the perfect partner for us, Quebec and Canada,” Bombardier chief executive Alain Bellemare said in a statement. “Their global scale, strong customer relationship and operational expertise are key ingredients for unleashing the full value of the C Series.”
The partnership comes as Bombardier grapples with 300 per cent preliminary duties on U.S. imports of its C-Series jet, thanks to a petition filed with the U.S. Department of Commerce and U.S. International Trade Commission by its U.S. rival, the Boeing Co....
“Building the final assembly in the U.S. for the U.S. market, that would seem to take a lot of the wind of out the sails of Boeing’s lawsuit,” he said. “With Airbus there, and less government support, it looks a lot more viable everywhere, not just in the U.S.”
The deal came following reports earlier in the day that Bombardier was looking for investors and considering selling parts of its aerospace business.
As I explained many times regarding Canadas interference in the free market via the RCMP and their surrogates, Trump wins again. Full credit to Wilbur Ross in this (though he wisely deflected that he had anything to do with this during NAFTA negotiations), as he forced a 300% duty increase on Bombardier products. This means jobs will be shipped to Alabama where Airbus has manufacturing. All in an effort to avoid paying the costs of duties. Jobs shipped from Europe and Canada to America, because of American First policies.
The joke in all of this? Both Bombardier and the Canadian government (and opposition Conservatives) spoke how these duties were not going to fly, how they would be challenged in the WTO and Canada would win, yadda yadda. I told my wife that there was nothing Canada could do, we have been stabbing America in the back and we are now paying the Piper. All of this tough talk, yet, Bombardier literally sells at a discount ONLY the C-Series to European rival Airbus, the same product facing massive duty increases. Why is this? They KNOW they cannot avoid the duty increases, and they also know; thanks to people like myself who have emailed Boeing directly, that Canada is interfering in the free market.
In the email I sent many months ago I recall asking the Canadian government, Public Safety Minister Ralph Goodale and others to counter my assertion that Canadian operatives are working in corporations on Canadian soil, INCLUDING Bombardier out of Montreal. Though I didn't specifically name that company, as I was emailing Boeing, they would understand how my assertion might relate to their industry. Of course as always, Canada remained quiet, quite unhappy about how much I know and the names of operatives in many cases, continuing down the path of M.A.D with me. I made my point loud and clear, they didn't need to respond (in fact, not settling this with me is costing Canada FAR more than I ever could have won in a court case).
So, now America gains jobs, competition leaves Europe and Canada damages what little government sponsored innovation we had. Who wins in all of this? Why the same clowns who always win in Canada, the Canadian security apparatus and their political donors. As I've said 1000 times, they would gladly "sacrifice" Canadian jobs and the economy to maintain de facto control of the economy and it's citizens.
If this unheard of case of clear communist tactics doesn't illustrate how much leverage capitalist countries have over fake free market, I don't know what will. Check out the details of the "purchase", it was handed to them for free, paid for by Canadian taxpayers. Absolutely stunning. They are trying to avoid the lawsuit and maintain their communist tactics, along with our European friends. THIS is how guilt looks, along with soul sucking, innovation destroying globalism.
I hope Boeing continues the lawsuit and includes other Canadian products. oh, and this might address the duties, but doesn't address anti-dumping laws which are still ongoing and the case maybe even stronger now. Go big on this one Boeing!
Europe’s Airbus to acquire majority stake in Bombardier’s CSeries
Bombardier Inc. announced late Monday that rival aerospace giant Airbus SE will acquire a majority stake of its CSeries program, a big strategic move that comes as the company faces the prospect of permanent massive duties in the U.S.
Under the agreement, which was signed Monday, Airbus will acquire a 50.01-per-cent stake in the CSeries program and provide the division with procurement, sales and marketing and customer support expertise. Bombardier will now own approximately 31 per cent, while Investissement Quebec will own 19 per cent.
There will be no cash contribution by any of the partners and the CSeries program will not assume any financial debt, according to a news release.
“Airbus is the perfect partner for us, Quebec and Canada,” Bombardier chief executive Alain Bellemare said in a statement. “Their global scale, strong customer relationship and operational expertise are key ingredients for unleashing the full value of the C Series.”
The partnership comes as Bombardier grapples with 300 per cent preliminary duties on U.S. imports of its C-Series jet, thanks to a petition filed with the U.S. Department of Commerce and U.S. International Trade Commission by its U.S. rival, the Boeing Co....
“Building the final assembly in the U.S. for the U.S. market, that would seem to take a lot of the wind of out the sails of Boeing’s lawsuit,” he said. “With Airbus there, and less government support, it looks a lot more viable everywhere, not just in the U.S.”
The deal came following reports earlier in the day that Bombardier was looking for investors and considering selling parts of its aerospace business.
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