+ A
A -

A US trade commission on Friday handed an unexpected victory to Bombardier Inc against Boeing Co, in a ruling that allows the Canadian company to sell its newest jets to US airlines without heavy duties, sending Bombardier's shares up 15 percent.
The US International Trade Commission's unanimous decision is the latest twist in US-Canadian trade relations that have been complicated by disputes over tariffs on Canadian lumber and US milk and President Donald Trump's desire to renegotiate or even abandon the North American Free Trade Agreement (NAFTA).
Trump, who did not weigh in on the dispute personally, took his"America First" message to the world's elite on Friday, telling a summit that the United States would"no longer turn a blind eye" to what he described as unfair trade practices.
The ITC commissioners voted 4-0 that Bombardier's prices did not harm Boeing and discarded a US Commerce Department recommendation to slap a near 300 percent duty on sales of the company's 110-to-130-seat CSeries jets for five years. It did not give a reason immediately.
US Commerce Secretary Wilbur Ross said in a statement that the commission's finding"shows how robust our system of checks and balances is."
"It's reassuring to see that facts and evidence matter," said Chad Bown, a senior fellow at the Peterson Institute for International Economics in Washington."This part of the trade policy process works unimpeded despite President Trump's protectionist rhetoric."
The decision will also help Bombardier sell the CSeries in the United States by removing"a huge amount of uncertainty," at a time when its Brazilian rival Embraer is bringing its new E190-E2 jet to market, a source familiar with the Canadian plane and train maker's thinking said.
copy short url   Copy