Relief for 1000 workers in Belfast as USA jet tariff overturned

Bombardier ruling due Friday amid spate of US protectionism

The commission was weighing tariffs geared to offset what an estimated 212.39% subsidy to build the planes and a 79.82% dumping margin that the department determined in December.

Some analysts said it was time for Boeing to cut its losses.

"The decision by the International Trade Commission confirms what the United Kingdom and Canadian Governments working hand in hand has maintained from the outset, that this case is unjustified".

"The Trump administration's rhetoric against foreign imports has suffered a major setback today because of the checks and balances in our legal system", Lo said.

The case, among others leveled against Canada, by the United States lately, have inflamed tensions between the two countries in ongoing negotiations to update the 24-year-old North American Free Trade Agreement.

Three months ago, with the jetliner's access to the USA market in doubt, Bombardier turned to a powerful partner: Airbus SE.

While speaking to business leaders and reporters on Thursday, Trump reiterated his stance that he favors bilateral trade deals over multilateral ones and said he may terminate Nafta - or he may not.

The tariffs required approval by the ITC, which determined the sale of the aircraft did not injure the US company.

The ruling came as a surprise to trade experts, who were largely anticipating an outcome in favour of Boeing. The ITC consequently shot down the U.S. aerospace giant's pleas for 300% duties against Bombardier, a measure that received the backing of the U.S. Commerce Department last month. The ITC ruling calls into question the need for that project, which is estimated to cost $300 million. The dispute heated up late past year when the U.S. Commerce Department issued preliminary rulings in Boeing's favor, levying almost 300 percent tariffs on jets imported from Canada.

"This clears the way for the jets being to delivered to Delta", Murray said.

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After supporters poor-mouthed its chances, aircraft maker Bombardier celebrated a victory over Boeing in an worldwide trade dispute with ramifications in Alabama.

Shares of Boeing closed up 2.5% at 343.11 on the stock market today. The Canadian government has already retaliated against the aircraft maker for its petition for government protection. "The only way to counter the risk created by Boeing's petition is through a new USA full assembly line". The major aircraft deal set off the trade dispute with the rival US plane maker. Bombardier contended that Boeing did not have a tantamount plane to offer Delta.

Bombardier also welcomed the ITC's ruling, calling it "a victory for innovation, competition and the rule of law". But the USA aircraft giant does not now have an airplane that is considered a direct competitor to Bombardier's narrow-body jet airlines, according to Goldman.

It had been expected that Boeing would win the day based on its claim that the C-Series had been unfairly subsidised by the Canadian government.

"I'm thrilled that common sense has finally won out and that these ridiculous tariffs have been tossed", said Unifor National President Jerry Dias. "We will carry on full steam with our CSeries project, focusing on addressing the needs of our airline customers and creating more and new, high-skill manufacturing jobs in the U.S.".

The USITC will vote Friday afternoon on whether duties should be imposed against Bombardier's C Series jet.

The companies promised to shift future production of the plane from Canada to Mobile, Ala. Airbus's executives said that moving production in this way should allow them to avoid the tariff.

Boeing contends that Bombardier accepted billions of dollars in illegal state subsidies to develop the new aircraft and then sold the CS 100 to Delta at a rock-bottom price.

"There is no joint venture". Quebec invested $1 billion in 2016 for a minority stake in the C Series.

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