The UK is PISSED About US Bombardier Tariff

[mentalfloss]

Crotchety Theresa May wakes up for a brief moment.


UK government threatens retaliation against Boeing in Bombardier tariff row - as it happened

The day has been dominated by the ructions following the US decision to slap 219% tariffs on Bombardier, the result of a dispute with rival Boeing. Here’s our latest report:

The government has warned aircraft manufacturer Boeing it could lose UK defence contracts over its part in a US decision to slap punitive tariffs of 219% on rival Bombardier, in a dispute that threatens to sour trade relations between London and Washington.

Theresa May said she was “bitterly disappointed” by the move to impose a tariff on sales of Bombardier’s C-Series passenger jet, which threatens at least 1,000 manufacturing jobs in Northern Ireland.

Michael Fallon, the UK defence secretary, stepped up the government’s rhetoric, warning that Boeing’s assault on Bombardier “could jeopardise” its chances of securing government contracts.

The business secretary, Greg Clark, joined the chorus of disapproval, branding the ruling “unjustified” and vowing to work with Canada - where Bombardier is based - to get it overturned.

The backlash follows an interim decision by the US Department of Commerce, which agreed with Boeing’s case that Bombardier received unfair, anti-competitive state support from the Quebec regional government, including a £740m bailout. Bombardier, which has also received £113m in repayable funding from the UK government, called the decision “absurd and divorced from the reality about the financing of multibillion-dollar aircraft programmes”.

https://www.theguardian.com/busines...-trade-tariff-imf-world-economy-business-live

 

[MHz]

Puts some guns on it and look for exports in other places to increase. The UN must be ready to retire their fleet that was flying the same iron when Haiti shook itself to pieces.Their motto is, 'Have Contraband, Can Travel'

 

[lone wolf]

I wonder how many people would 'grate' if the whole world boycotted US goods and focused on home (or friendly) industry

 

[MHz]

That could happen sooner rather than later. International naval blockade based on excessive busy body activities.

 

[mentalfloss]

The US has gone full leftard.


US move against Bombardier risks reprisals
https://www.ft.com/content/bfdb3f24-a379-11e7-9e4f-7f5e6a7c98a2

 

[White_Unifier]

Canada was wrong to subsidize Bombardier. However, the best thing the US could have done under the circumstances was to just ignore it and let the market handle it. That said, however wrong the US was in reacting to Canada's subsidies, we can't deny that Canada did provoke it.

 

[lone wolf]

What would Sweden do?

Does anyone have a clue how much Bombardier is subsidized ... or is Uncle Sam just trying to wipe out more competition with propaganda?

 

[White_Unifier]

What would Sweden do?

Does anyone have a clue how much Bombardier is subsidized ... or is Uncle Sam just trying to wipe out more competition with propaganda?

I'm not sure what Sweden would do. However, Sweden tends to subsidize businesses more indirectly by generously funding trades and professional training for the unemployed. Besides that though, Sweden very much supports free trade.

 

[Ocean Breeze]

Canada was wrong to subsidize Bombardier. However, the best thing the US could have done under the circumstances was to just ignore it and let the market handle it. That said, however wrong the US was in reacting to Canada's subsidies, we can't deny that Canada did provoke it.

Boeing has been subsidized too........ but no one is saying that .


They made this into a crazy issue now...... It is a strong-arm tactic. and overkill .

Yes Canada can be critiqued , no question there.......but THIS KILLER amount has the toe print of Trump all over it. His version of shock and ??? There is nothing to AWE about this . This might be their way of "art of the dealing"........ and then allow themselves some rom to go down.... if potential repercussions arise. Or ???

 

[White_Unifier]

What Canada should do just is send Washington the message that, inasmuch as Canada benefits from US trade, Canada can still survive without it if it must. Perhaps the best way to send that message would be for Canada to start major trade negotiations with CANZUC countries, other Commonwealth and former Commonwealth countries including Hong Kong, and Francophonie countries at the same time as it renegotiates NAFTA.

That said, Canada has to be reasonable too by agreeing to not unjustly subsidize our industries, opening trade to cultural and agricultural industries, etc. too. Again, Canada is at least partly at fault for all of this mess.

 

[Curious Cdn]

Canada was wrong to subsidize Bombardier. However, the best thing the US could have done under the circumstances was to just ignore it and let the market handle it. That said, however wrong the US was in reacting to Canada's subsidies, we can't deny that Canada did provoke it.

No we weren't. Total rubbish. We did nothing wrong nor nothing that other countries with aerospace industries do.

found this in a 2 year old copy of the Washington Post.

"In late 2013, Washington state made history.
On a mid-November Monday, Washington Gov. Jay Inslee (D) signed into law the largest corporate tax break in any state’s history, with an estimated lifetime value of $8.7 billion. The package was the result of a special three-day session Inslee called in order to entice Boeing to build its 777X plane in the state. Boeing didn’t just score big that day. The aerospace giant has received more state and local subsidy dollars than any other corporation in America, according to newly released data compiled by Good Jobs First, a policy resource center on subsidy data.
The state subsidy data was released Tuesday in conjunction with similar federal data and a matching report—”Uncle Sam’s Favorite Corporations”—which reviews the grants, loans and other subsidies distributed by the federal government since 2000. Over the course of those 15 years, the federal government has distributed $68 billion in grants and special tax credits to businesses, with two thirds of that transferred to large corporations. Six companies have received $1 billion or more, while 21 have received $500 million or more."

Boeing also receives export "assistance" from the US Federal government to the tune of around a billion dollars per annum.

Your reaction is typically Canadian. Somebody hits you and you say "SORRY".

 

[lone wolf]

Boeing has been subsidized too........ but no one is saying that .

Said where - in the propaganda machinery or in here?

 

[Curious Cdn]

Said where - in the propaganda machinery or in here?

Ever heard of this US Government organisation?

Who We Serve | EXIM.gov

http://en.m.wikipedia.org/wiki/Export–Import_Bank_of_the_United_States

They're pretty brazen and unashamed of their support for exporters. This organisation is also referred to as "The Bank of Boeing".

http://www.google.ca/url?sa=t&sourc...ghPMAM&usg=AFQjCNF_fpUn1OfEKkzK9oY2Usz8stY0NQ

It's only us lilly-livered Canadians who think that it's somehow sinful to give our industries a leg up. That is why US businesses dominate Canadian ones. We're a bunch of wimpy cowards.

 

[White_Unifier]

Yes, the US government subsidized Boeing. But here's the thing. Many Boeing parts are made in Canada just as many Bombardier parts are made in the US.

So when the US subsidizes Boeing, it inadvertently subsidizes Canadian Boeing parts producers, airlines, and ultimately travelers. Why would any Canadian traveler complain about the US government subsidizing his vacations?

On the other hand, I do take issue with my taxes subsidizing others' vacations.

 

[Curious Cdn]

Yes, the US government subsidized Boeing. But here's the thing. Many Boeing parts are made in Canada just as many Bombardier parts are made in the US.

So when the US subsidizes Boeing, it inadvertently subsidizes Canadian Boeing parts producers, airlines, and ultimately travelers. Why would any Canadian traveler complain about the US government subsidizing his vacations?

On the other hand, I do take issue with my taxes subsidizing others' vacations.

This is all about Boeing eliminating one of their potential competitors from the World with US government assistance.. Airbus is too big and strong to take on, now. Embraer and Bombardier are both vulnerable and Canada is currently re-negotiating NAFTA so beating us up is a negotiating gambit.

 

[White_Unifier]

This is all about Boeing eliminating one of their potential competitors from the World with US government assistance.. Airbus is too big and strong to take on, now. Embraer and Bombardier are both vulnerable and Canada is currently re-negotiating NAFTA so beating us up is a negotiating gambit.

Firstly, the US was stupid to subsidize an airplane business. All it benefits are middle-to-upper-class airline passengers ultimately.

Secondly, the US is stupid to attack bombardier, especially given how many bombardier parts are made in the US. Canada would be equally stupid to attack Boeing for the same reason. Many of their parts are made in Canada. The US should be thankful that the Canadian government was equally stupid to subsidize Bombardier and so subsidize airline passengers worldwide while people are starving in the streets.

Ah priorities.

In short, the whole fiasco is a stupid mess on all sides and we can almost bet that Canada will only make things even worse by retaliating, even though I acknowledge that Trump is causing a whole lot of damage himself.

 

[Highball]

So are a lot odf American pilots. Bombardier builds some fine aircraft. Some can do things no us made plane can. BUT...

 

[White_Unifier]

So are a lot odf American pilots. Bombardier builds some fine aircraft. Some can do things no us made plane can. BUT...

But what?

 

[Twila]

from America first to full on protectionism. I don't think this is gonna pan out well trump.

 

[PoliticalNick]

Canada should have a very firm and direct response. Tear up NAFTA, walk away from further negotiations and impose a 220% tariff on all US goods entering the country.