Tuesday, 30 November 2021 03:53 GMT

Kuwait- US panel blocks 300 pct tariffs on Canadian jets


(MENAFN- Kuwait News Agency (KUNA)) 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) ak.bs

MENAFN2601201800710000ID1096394194


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.