'Bitterly Disappointed': US to Impose 220% Tariffs on Bombardier, Jobs at Risk

"The government will continue to work with the company to protect vital jobs for Northern Ireland", she said on Twitter.

A Bombardier C-Series Jet.

The department has proposed a huge 220 per cent tariff on the imported sale of Bombardier's new C-Series jets into the U.S. - an aircraft whose wings are made in Belfast.

Fallon, who had earlier warned Boeing it could lose out on British contracts because of the trade dispute which could risk 4,200 Bombardier jobs in Northern Ireland, told Reuters Britain would not cancel orders for nine P-8 spy planes and 50 Apache helicopters.

The preliminary decision came after complaints by rival aerospace multinational Boeing, which argued Bombardier received unfair funding from the United Kingdom and Canada, allowing the sale of airliners in the U.S. under cost price.

The Government has warned the USA company Boeing that its trade dispute with its Belfast-linked rival, Bombardier, "could jeopardise" its United Kingdom defence contracts.

"The US Department of Commerce today affirmed that Bombardier has taken massive illegal subsidies in violation of existing trade law", Boeing said after a September 26 preliminary ruling by the Commerce Department. "It's the Labour Party which will act to protect Island workers, while Theresa May holds Donald Trump's hand while he attacks British interests".

"We strongly disagree with the Commerce Department's preliminary decision", Bombardier said. "It's high time she woke up".

More news: Pak developed short-range nuke weapons to counter India's "Cold Start" doctrine: Abbasi

The Canadian government was poised to purchase 18 Super Hornet fight jets from Boeing as an emergency interim measure in order for the Royal Canadian Air Force (RCAF) to fulfill its operational roles for North Atlantic Treaty Organisation and NORAD.

The U.S. Commerce Department has slapped preliminary anti-subsidy duties on Bombardier's CSeries jets after rival Boeing accused Canada of unfairly. In such a scenario, the Chinese would surely be interested in buying the technology and know-how of what many consider the best aircraft in its category. Bombardier valued the firm order at $5.6 billion based on the list price of the aircraft. "I'd say that the long-term partnership is being undermined by this behaviour by Boeing".

Bombardier's (OTCQX:BDRAF, OTCQX:BDRBF) EUR-denominated bonds due in 2021 have declined the most in more than two years after the US imposed import duties of 219% on the company's C-series plane.

"The US values its relationships with Canada, but even our closest allies must play by the rules", US commerce secretary Wilbur Ross said.

"They have to be very careful because let's not forget, there are a lot of Canadian companies that are suppliers to Boeing".

"Everyone realizes how important Bombardier is to Northern Ireland and we will use our influence with our government to make sure that continues", the DUP's Arlene Foster told Sky News.

The BBC's Simon Jack says the Prime Minister "may find it hard to keep her new best friends in the DUP sweet while not offending such an important employer in the rest of the UK".

The Canadian Chamber of Commerce also came to Bombardier's defense, saying the USA decision "penalizes Bombardier for receiving the same government support that other manufacturers across the globe get from their own governments".

(Copyright © 2015. All Rights Reserved.)

Iran, Iraq, Turkey Issue Joint Statement against Kurdish Referendum
Kurds in north Syria, like those in Iraq, have capitalized on the turmoil in both countries to consolidate a degree of autonomy. It merely seeks to acknowledge the wishes of the Kurdistani people on their future - an internationally recognised right.

Could North Korea fire nuclear missile over Japan?
A South Korean expert said the quake could have been caused by geological stress created from the recent nuclear explosion. North Korea's weakest nuclear test, the first one conducted in 2006, generated a magnitude 4.3 quake.

Spain to send extra police to Catalonia if independence referendum goes ahead
The remaining students were hold-outs from a group of about 2,000 that gathered in and around the university yesterday. Colonel Diego Pérez de los Cobos has been put in charge of Catalan police forces in the autonomous region.

Anthony Weiner jailed for sexting teenager
Weiner , weeping as he read from a written statement on a page he held in front of him, called his crime his "rock bottom". Last year, a 15-year-old North Carolina girl told Daily Mail that she and Weiner exchanged explicit messages for months.

'Megyn Kelly Today' on NBC
There was lots of talk about what " Megyn Kelly Today " will be, mostly by way of what it won't be. "And it's gotten so dark". Another reporter compared the TV personality's attempt at having a hit NBC show to a 'HomeGoods catalog brought to life '.

Senior Audi engineer is arrested over diesel scandal
Europe's biggest automaker admitted in September 2015 that it had used illegal software to cheat USA diesel emissions tests. Since then the firm has been adapting its cars to meet legal requirements.

What does the new iOS 11 system update do
Messages in iCloud is another iOS 11 feature unveiled at WWDC in June that won't be ready in time for tomorrow's software update . There will be an "Auto-Brightness" section and inside there you will be able to turn the auto-brightness feature off.

Iran will strengthen its missile capabilities without asking for permission - President Rouhani
Thus far, the United Nations nuclear watchdog and the US State Department have reported that Tehran has complied with the terms of the nuclear deal.

Iran says it will not be the first to violate nuclear deal
The rhetorical threats have anxious the other countries in the agreement: Britain, China, France, Germany and Russian Federation . German Chancellor Angela Merkel on Wednesday rejected Donald Trump's threatening approach.

Trump tax plan expected to double standard deduction, lower corporate rate
The plan would keep tax incentives for mortgage interest and charitable contributions in place and would eliminate the death tax. Repeal the Alternative Minimum Tax: The AMT most typically hits filers making between $200,000 and $1 million.

Text of Saudi king's royal decree on women driving
Saudi Arabia on Tuesday announced that women in the kingdom will be allowed to drive vehicles for the first time next summer. However, the kingdom's blanket ban has over the years attracted negative publicity.

Putin to meet Erdogan as Russia-Turkey ties deepen
Kremlin spokesman Dmitry Peskov said the situation in Syria will be one of the issues during the upcoming talks. The two leaders spoke about bilateral trade and regional issues including Syria and Iraq.

National leads in early NZ election count
Winston Peters, the party chief of the New Zealand First Party, however, refused to say which party he would side with. Ms Ardern's centre-left Labour Party and its preferred partner the Greens were on 52, still needing another nine.

Mauricio Pochettino reacts to Serge Aurier's ridiculous red card against West Ham
When Christian Eriksen added a third - after Kane had thumped a free-kick against a post - Tottenham were cruising. The result brings an end to West Ham's mini-revival and leaves them on four points after six games.

Julia Louis-Dreyfus Made Emmy History
Louis-Dreyfus' win puts her in the Emmy record books as the person with the most Emmys won by a single performer for one role. After an incredible run, the HBO comedy sensation Veep is heading into its seventh and final season .

More News

More News