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Boeing Says Bombardier Jets May Face Hefty Duties Despite Airbus Deal

Posted October 19, 2017

Under Economic Issues, International Trade Issues


(Reuters)

Boeing Co said on Tuesday that Bombardier Inc’s CSeries jets could still be hit with high U.S. import duties, even if they are assembled in Alabama through an industry-changing deal with Airbus.

The deal announced on Monday gives Airbus a majority stake in Bombardier’s troubled CSeries jetliner programme, securing the plane’s future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing, in which the U.S. Commerce Department has threatened to impose a 300 percent import duties.

Boeing said that the announced deal has no effect on the pending U.S. Department of Commerce proceedings. “Any duties finally levied against the C-Series... will have to be paid on any imported C-Series airplane or part, or it will not be permitted into the country,” Michael Luttig, Boeing’s general counsel, said in a statement. Click here to read more.

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