U.S. to impose 220% tariff on new jets from Canada’s Bombardier
The International Trade Commission ruled in favor of a complaint from Boeing and said it would add a 220% tariff to the cost of the new CSeries jet.
The jet’s sale to Delta Air Lines last year prompted a complaint from Boeing.
The U.S. agency’s decision added to investor uncertainty over the fate of Montreal-based Bombardier after two of its main rivals in the global rail market agreed to combine their transport operations, triggering a double-digit gain in its share price during Tuesday trading.
“The Commerce Department will instruct U.S. Customs and Border Protection to collect cash deposits from importers of 100- to 150-seat large civil aircraft based on these preliminary rates,” the department said in a statement. ■