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Britain Upset by Decision to Slap Tariff on Bombardier Jets

Britain Upset by Decision to Slap Tariff on Bombardier Jets

UK Defense Minister Michael Fallon told reporters in Belfast, "This is not the behavior we expect from Boeing, and it could indeed jeopardize our future relationship with them".

"We should be wary of moving too gradually", Yellen said in a speech to the National Association for Business Economics meeting in Cleveland.

Bombardier and Northern Ireland's largest labor union Unite expressed their disappointment over the decision.

Canada has expressed disappointment with the decision, with Minister of Foreign Affairs Chrystia Freeland calling it a move "aimed at eliminating Bombardier's C Series aircraft from the US market". "Boeing is committed to the UK and values the partnership, which stretches back nearly 80 years", the spokesman for Boeing UK said by email.

Canadian Foreign Affair Minister said Tuesday night, "The government of Canada can not treat, as a trusted partner, a company which is attacking our aerospace sector". In its complaint, Boeing alleged that "subsidies enabled Bombardier to dump its product into the US market, harming aerospace workers in the United States and throughout Boeing's global supply chain", according to a report from the Wall Street Journal.

May has a key alliance with Northern Ireland's Democratic Unionist Party to support her minority government in Parliament.

Manufacturing Northern Ireland, an industry group, said the row was an ominous sign of the difficulties Britain could face after leaving the EU.

At a London function, without mentioning the USA by name, Trade Secretary Liam Fox branded the country "morally reprehensible".

"This does not bode well for the UK's plan to be a leader in global free trade nor indeed ambitions of a free trade agreement with the European Union which can not match the benefit we now enjoy as part of the EU's Single Market".

It's 2017 and Saudi Arabia Will Finally Allow Women to Drive
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Bombardier could appeal any sanctions to a USA court or to a dispute-resolution panel created under NAFTA.

For Bombardier, the United States announcement was as a double blow, coming on the same day that news broke of a tie-up between German train-maker Siemens and France's Alstom to create a rail juggernaut that would compete with Bombardier's struggling rail division. "I was shocked at the size of the tariff".

The Canadian department of commerce imposed a 220 percent tariff Tuesday on Canada's Bombardier aircraft. A final decision is expected early in 2018.

Alden says there is at least "some merit" to Boeing's claim insofar as Bombardier's subsidies do eliminate risk for it in a way that Boeing's don't.

Gold futures tumbled as traders assessed hawkish remarks from U.S. Federal Reserve Chair Janet Yellen.

It followed a complaint by Boeing that Bombardier was benefiting from illegal state aid.

The Ministry of Defence said that while future deals could be jeopardised, it stressed existing contracts with Boeing would be honoured.

Fallon said Boeing was a "major defence partner", and stood to "gain a lot of British defence spending". I think this is no way to operate in such a long-term partnership. "We have to be very strong and we need to tell them, enough is enough".

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