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US panel blocks 300 pct tariffs on Canadian jets.

WASHINGTON, Jan 26 (KUNA) -- The US International Trade Commission voted unanimously on Friday in favor of the Canadian plane maker Bombardier by blocking a move to impose tariffs of almost 300 percent. The commission argued that Bombardier's shipment of C series jets to Delta Air Lines won't hurt the American economy or its workers. The vote is a blow to Boeing, the American aerospace giant, which claimed Bombardier unfairly benefited from government bailout subsidies and allows the C Series planes to be sold at "absurdly low prices." Bombardier said in a statement, "Today's decision is a victory for innovation, competition, and the rule of law. It is also a victory for US airlines and the US traveling public." (end)

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Publication:Kuwait News Agency (KUNA)
Date:Jan 27, 2018
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