shockedcanadian
Diamond Member
- Aug 6, 2012
- 29,779
- 27,024
Looks like Canadian excessive interference in the marketplace is coming back to bite them in the behind. I have been in contact with Boeing only a couple of months ago and they have sued the Canadian government for this interference recently. Now the Commerce Department in the U.S is providing it's own "equalizer", as the RCMP, CSIS and their surrogates do the same in Canada via covert means. Not only harming these foreign businesses, but injecting their own operatives in the business and usurping/destroying hard working, ambitious capitalist employees.
As I repeated to these socialist, neo-communist, wannabe Stasi agencies many times when I begged for transparency and accountability "I hope this is worth it for you", as I promised to continue to reach out to both the former administration and the current one vehemently.
Keep it up Mr.Trump and Mr. Ross, you don't know how much some of us who have taken the high road appreciate your actions against abusers of both the economy, and human rights as it were. God Bless you both.
SC
Commerce Department gives Bombardier 219% duty on sale of jets to U.S. airline | Toronto Star
OTTAWA—The U.S. Department of Commerce has clobbered aerospace giant Bombardier with a hefty 219 per cent duty on the sale of its CS100 commercial jets to a U.S. airline following a trade complaint from an American rival.
The department ruled that Bombardier benefited from improper government subsidies, a finding that deals a blow to the Montreal-based company’s chances in its ongoing dispute with U.S. rival Boeing.
Boeing had complained that Bombardier inked a deal with Delta Air Lines for up to 125 of the jets by offering the planes at below-market price.
The financial penalties aren’t officially due until Bombardier delivers the first CS100 to Delta some time in the spring.
The key will be whether U.S. officials find that the deal between Bombardier and Delta actually hurt Boeing’s business, an issue that’s not expected to yield a finding for at least six months.
But today’s ruling does give Boeing momentum as the dispute drags on, and more leverage in any future talks between the Trudeau government and Boeing to reach a negotiated settlement.
Meanwhile, European railway manufacturers Siemens Mobility and Alstom announced a merger Tuesday that leaves Montreal-based rail business Bombardier Transportation facing a substantially larger rival.
The memorandum of understanding announced Tuesday is described as a merger of equals with each owning half the shares of the new company to be headquartered in Paris. The Mobility Solutions business will be run out of Berlin.
As I repeated to these socialist, neo-communist, wannabe Stasi agencies many times when I begged for transparency and accountability "I hope this is worth it for you", as I promised to continue to reach out to both the former administration and the current one vehemently.
Keep it up Mr.Trump and Mr. Ross, you don't know how much some of us who have taken the high road appreciate your actions against abusers of both the economy, and human rights as it were. God Bless you both.
SC
Commerce Department gives Bombardier 219% duty on sale of jets to U.S. airline | Toronto Star
OTTAWA—The U.S. Department of Commerce has clobbered aerospace giant Bombardier with a hefty 219 per cent duty on the sale of its CS100 commercial jets to a U.S. airline following a trade complaint from an American rival.
The department ruled that Bombardier benefited from improper government subsidies, a finding that deals a blow to the Montreal-based company’s chances in its ongoing dispute with U.S. rival Boeing.
Boeing had complained that Bombardier inked a deal with Delta Air Lines for up to 125 of the jets by offering the planes at below-market price.
The financial penalties aren’t officially due until Bombardier delivers the first CS100 to Delta some time in the spring.
The key will be whether U.S. officials find that the deal between Bombardier and Delta actually hurt Boeing’s business, an issue that’s not expected to yield a finding for at least six months.
But today’s ruling does give Boeing momentum as the dispute drags on, and more leverage in any future talks between the Trudeau government and Boeing to reach a negotiated settlement.
Meanwhile, European railway manufacturers Siemens Mobility and Alstom announced a merger Tuesday that leaves Montreal-based rail business Bombardier Transportation facing a substantially larger rival.
The memorandum of understanding announced Tuesday is described as a merger of equals with each owning half the shares of the new company to be headquartered in Paris. The Mobility Solutions business will be run out of Berlin.