Bombardier wins over Boeing in trade dispute
Updated:7 years, 9 months ago
New Delhi, Jan 27 (ANI): The International Trade Commission rejected the U.S. Commerce Department's recommendation to slap Bombardier's CSeries with 300-percent duty on sales to American carriers. Aleksandra Michalska reports. Canada's planemaker Bombardier won a trade dispute with its U.S. rival Boeing. Last year, Boeing accused Bombardier of selling the CSeries planes below cost in the U.S. As a result, the U.S. Commerce Department recommended a 300 percent duty on Bombardier's jets. But the decisive body - the U.S. International Trade Commission - just voted 4-0 in favor of Bombardier. Bombardier's stock rose on the news. Boeing said it's disappointed by the ITC decision, and it will continue to document Bombardier's presence in the U.S. market.
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