US Hikes Tariffs on Bombardier Jets to 300%

The U.S. Commerce Department on Friday notched up proposed trade duties on Bombardier Inc (BBDb.TO) CSeries jets to almost 300 percent, affirming Boeing Co's (BA.N) complaint that the Canadian company received illegal subsidies and dumped the planes at "absurdly low" prices.

Canadian-owned multinational Bombardier, which employs more than 4,000 people in Belfast, has been hit by a proposed 80% levy on exports to its southern neighbour, the US Department of Commerce has confirmed.

The wings for the new aircraft, which are due to be delivered to the U.S. next year, are made at Bombardier's plant in the DUP stronghold of East Belfast.

Specifically, Boeing charges that Bombardier past year sold Delta Air Lines 75 CS100 aircraft for less than it cost to build them.

The new duties follows an announcement last week by the Commerce Department that Bombardier's C Series would also face a 220-percent preliminary countervailing tariff based on another Boeing complaint that Bombardier received unfair Canadian government subsidies.

It said: "The anti-dumping duty law provides USA businesses and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping of imports into the United States".

The Commerce Department proposed a 79.82 percent antidumping duty on Friday, on top of a 219.63 percent duty for subsidies announced last week.

There have been warnings that the import tariffs could threaten Bombardier jobs in Belfast.

Dimuth Karunaratne misses double ton, Sri Lanka under control vs Pakistan
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"We will continue to verify the accuracy of this decision, while [doing] everything in our power to stand up for American companies and their workers", he added. "These duties are the outcome of a conscious decision by Bombardier to violate trade law and dump their C Series aircraft to secure a sale".

Boeing says it is the world's largest manufacturer of military aircraft.

He said workers will fight even harder to get the duty reversed.

Bombardier asserts that Boeing has not suffered any prejudice because it has no aircraft to offer in the range of 100 to 150 seats occupied by the CSeries.

However, it will take effect only if the US International Trade Commission rules in Boeing's favour. It was an order of 75 aircraft worth more than United States $5 billion. The program is expected to generate more than US$30 billion in business over its life and support more than 22,700 American jobs in 19 states.

Canada has threatened to cancel the planned purchase of 18 Super Hornets to temporarily augment Canada's aging fleet of CF-18s.

He added: "Ministers have a duty to defend jobs and future manufacturing in Northern Ireland and the rest of the United Kingdom by demanding Boeing attends an urgent summit involving Prime Minister Theresa May and the Canadian prime minister Justin Trudeau alongside the unions representing our workforce and withdraws its unwarranted claims".

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