Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Bombardier C series hit with massive US Tariffs

CaptainCrunch · 09-27-2017, 08:55 AM

Bombardier hit with a massive 220% Tariffs on C series jets sold in the United States by the US department of Commerce.

This is the first step in what could be a lengthy process as the next step is for Canada to go to the International Trade Commission.

http://www.cbc.ca/news/business/boei...dier-1.4309000

the industry was expecting Bombardier to be hit, Bombardier itself was expected to lose this first round but expected an 80% tariff.

In terms of what did we expect, the optics for Bombardier were bad getting billions in subsidies from the provincial and federal government and then low balling the bid to Delta, in the era of an extremely protectionist US government.

Canada does have ways to fight back on this besides going to the International Trade Commission, and then going from country to country to try and expand Bombardier's market.

As well more ominously, this is only the first decision, the anti-dumping decision is expected next week.

I don't know how Delta's going to react to their purchase getting three times more expensive. I'm expecting that they will either return to the Table with Bombardier and get them to eat a lot of the tariff, or they could cancel out the deal.

the other interesting effect will be if Trudeau corners himself on the Intern fighter jet program and cancels any thought of buying the Super hornet.

Ireland is also freaking out as 4000 jobs are on the line. The May government may also lose the support of the Unionist Party

http://www.independent.co.uk/voices/...-a7970006.html

This is just another piece of bad news for Bombardier as last week they saw their rail business take a crushing blow as Siemens and Alstom merged which almost certainly pushes Bombardier out of the Rail business in Europe.

http://montrealgazette.com/business/...ival-rail-deal

The bottom line is that the C-series jet is now unaffordable in the States and outside of a minor deal with Air Tanzania for two planes, the C-series isn't really selling and its now over budget and late on any deliveries.

Bombardier's stock is down nearly 10% already this morning at $2.05. If Bombardier loses the anti-dumping decision next week the floor might fall out of the company.

09-27-2017, 08:55 AM	#1
CaptainCrunch Norm! Join Date: Jun 2002 Exp:	Bombardier C series hit with massive US Tariffs Bombardier hit with a massive 220% Tariffs on C series jets sold in the United States by the US department of Commerce. This is the first step in what could be a lengthy process as the next step is for Canada to go to the International Trade Commission. http://www.cbc.ca/news/business/boei...dier-1.4309000 the industry was expecting Bombardier to be hit, Bombardier itself was expected to lose this first round but expected an 80% tariff. In terms of what did we expect, the optics for Bombardier were bad getting billions in subsidies from the provincial and federal government and then low balling the bid to Delta, in the era of an extremely protectionist US government. Canada does have ways to fight back on this besides going to the International Trade Commission, and then going from country to country to try and expand Bombardier's market. As well more ominously, this is only the first decision, the anti-dumping decision is expected next week. I don't know how Delta's going to react to their purchase getting three times more expensive. I'm expecting that they will either return to the Table with Bombardier and get them to eat a lot of the tariff, or they could cancel out the deal. the other interesting effect will be if Trudeau corners himself on the Intern fighter jet program and cancels any thought of buying the Super hornet. Ireland is also freaking out as 4000 jobs are on the line. The May government may also lose the support of the Unionist Party http://www.independent.co.uk/voices/...-a7970006.html This is just another piece of bad news for Bombardier as last week they saw their rail business take a crushing blow as Siemens and Alstom merged which almost certainly pushes Bombardier out of the Rail business in Europe. http://montrealgazette.com/business/...ival-rail-deal The bottom line is that the C-series jet is now unaffordable in the States and outside of a minor deal with Air Tanzania for two planes, the C-series isn't really selling and its now over budget and late on any deliveries. Bombardier's stock is down nearly 10% already this morning at $2.05. If Bombardier loses the anti-dumping decision next week the floor might fall out of the company. __________________ My name is Ozymandias, King of Kings; Look on my Works, ye Mighty, and despair!