Thursday , November 23 2017

May asks Trump to look at Boeing-Bombardier tiff

epa05595882 (FILE) A file picture dated 27 November 2015 shows the Bombardier CSeries CS100 aircraft seen inside a hangar during showcase at Riga International Airport, Latvia, as part of CS100 demo tour to Northern Europe. According to media reports released on 21 October 2016, the Canadian transport manufacturer stated that it would eliminate 7,500 jobs worldwide, in order to cut costs. The majority of the cuts would be made to the company's rail division, with a substantial amount of jobs in the aerospace division facing cuts as well.  EPA/VALDA KALNINA

Bloomberg

UK Prime Minister Theresa May asked US President Donald Trump to intervene in a court dispute between Boeing Co. and Canada’s Bombardier Inc. over state aid, her office said.
The request, made in a call with the president on September 5, came as her government seeks to protect jobs at a Bombardier plant in Belfast, Northern Ireland. May’s government relies on votes from Northern Ireland’s Democratic Unionist Party to pass legislation through the House of Commons.
May raised the case with Trump after the intervention of DUP leader Arlene Foster, The Times of London newspaper reported, without saying where it got the information.
“Our priority is to encourage Boeing to drop its case and seek a negotiated settlement with Bombardier,” the UK Department for Business said. “This is a commercial matter but the UK government is working tirelessly to safeguard Bombardier’s operations and its highly skilled workers in Belfast.”
Boeing is pressing the US International Trade Commission to impose tariffs against its Canadian competitor over sales of its C Series Jets at “absurdly low prices” while receiving unfair government support, including a $149 million loan from the British government. The commission ruled in June that Boeing may have been harmed by sales of C Series aircraft at less than fair value.
Boeing said that it is seeking to restore “a level playing field” in the US single-aisle airplane market. “Boeing had to take action as subsidised competition has hurt us now and will continue to hurt us for years to come, and we could not stand by given this clear case of illegal dumping,” the company said.
“This is the normal course of action for addressing instances where a competitor is selling into the US market below cost, and we will let the process play out,” it added. “We believe that global trade only works if everyone plays by the same rules of the road, and that’s a principle that creates value for Canada, the UK, the US and our aerospace industry.”

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