- Aug 6, 2012
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Trump hammering Canada. Maybe we shouldn't allow a security apparatus to undermine American businesses, covertly and unfairly get advantages over U.S businesses. This is only one industry of many, America is no longer allowing the exploitation.
U.S. Commerce Department rules on Bombardier: Preliminary duties of nearly 300% upheld
The U.S. Department of Commerce has issued its final ruling in the escalating clash between Boeing Co. and Bombardier Inc., upholding its previous finding that the Canadian plane maker must pay duties of nearly 300 per cent to import its C Series airliner into the United States.
Commerce ruled to implement anti-dumping duties of 80 per cent and countervailing duties of about 212 per cent, slightly lower than its initial calculation, for total tariffs of about 292 per cent. That would nearly quadruple the price of a C Series imported into the United States.
The department's decision, made public Wednesday, was expected and is not the ultimate verdict in the trade dispute. That will come in February when the U.S. International Trade Commission decides whether Boeing was harmed, or threatened with harm, as a result of Bombardier's actions. That ruling can be appealed in turn.
"It's not unreasonable to think that the extraordinarily high [penalties] found by the commerce department do, to some extent, reflect the ideological bent of this administration," said Edward Alden, a trade expert at the Council on Foreign Relations in Washington. "You now have a Commerce secretary who's a cheerleader for protectionist tariffs. We're in a very different world."
U.S. Commerce Department rules on Bombardier: Preliminary duties of nearly 300% upheld
The U.S. Department of Commerce has issued its final ruling in the escalating clash between Boeing Co. and Bombardier Inc., upholding its previous finding that the Canadian plane maker must pay duties of nearly 300 per cent to import its C Series airliner into the United States.
Commerce ruled to implement anti-dumping duties of 80 per cent and countervailing duties of about 212 per cent, slightly lower than its initial calculation, for total tariffs of about 292 per cent. That would nearly quadruple the price of a C Series imported into the United States.
The department's decision, made public Wednesday, was expected and is not the ultimate verdict in the trade dispute. That will come in February when the U.S. International Trade Commission decides whether Boeing was harmed, or threatened with harm, as a result of Bombardier's actions. That ruling can be appealed in turn.
"It's not unreasonable to think that the extraordinarily high [penalties] found by the commerce department do, to some extent, reflect the ideological bent of this administration," said Edward Alden, a trade expert at the Council on Foreign Relations in Washington. "You now have a Commerce secretary who's a cheerleader for protectionist tariffs. We're in a very different world."
