giftedviz.com
giftedviz.com October 23, 2017


Clark: Boeing action on Bombardier 'unjustified'

11 October 2017, 12:03 | Darnell Patrick

U.S. delays announcing second round of punishing duties on Bombardier CSeries 0 0 0 0

U.S. delays announcing second round of punishing duties on Bombardier CSeries

The US Department of Commerce handed down another 80% tariff on Bombardier's C-series jets in response to the competition complaint from Boeing, even though the US firm does not supply similar aircraft.

That said, Boeing employs over 18,000 people in Britain and are building a new factory in England.

"I have made clear my bitter disappointment at comments from US Commerce Secretary Wilbur Ross, not least because the impact on Bombardier is not limited to Canada and Northern Ireland".

The Business Secretary said he "strongly and robustly" rejected the allegation that £130 million of investment funding from the UK Government to Bombardier breached trade rules.

Interestingly, the petition for the Commerce antidumping duty investigation was a preemptive move by Boeing Corp. against Canadian aircraft manufacturer Bombardier.

Bombardier called Washington's latest decision "an egregious overreach and misapplication" of USA trade laws to prevent its C Series aircraft from entering the US market, and accused Boeing of also selling planes below production cost "for years". Institutions such as the International Trade Commission and Department of Commerce which project themselves as guardians of the free market are now proactively closing the United States markets by raising protectionist barriers to new and superior market entrants.

"We will continue to verify the accuracy of this decision, while (doing) everything in our power to stand up for American companies and their workers".

Wisconsin TE Troy Fumagalli not listed on Badgers' injury report
Wisconsin ran on eight of 10 plays in a 93-yard drive for the go-ahead touchdown with Quintez Cephus scoring on a five-yard pass. Nebraska is down to its third running back but it appears that Devine Ozigbo might be the best option going forward.


Kit Harington Played the Scariest April Fools' Day Prank on Rose Leslie
The couple met on the hit HBO series "Game of Thrones " and have been together for five years. He didn't exactly ease her into the whole April Fools' thing.


Hit-and-run driver fatally shot after knocking Florida cop to ground with auto
She then drove off before hitting another auto on Lincoln Road, the popular entertainment and shopping area, police said. Garcia said that the woman was pulled out of the vehicle - not breathing - and that there was blood everywhere.


While we remain confident that this ruling will be overturned, if not in February when this preliminary ruling is reviewed, then by the World Trade Organisation in coming years, tariffs on this scale are created to maximise the financial pressure on Bombardier in the meantime by effectively closing the United States market to its flagship C-Series programme.

Under global rules, unfair subsidies from governments can take the form of grants, loans, equity injections, tax breaks and production contributions, if they give a company or an industry an unfair competitive advantage over foreign rivals.

But whether or not Bombardier's jets will face import duties of 300 percent, Boeing may have lost a major sale in Canada.

Boeing petitioned the government in April after its smaller rival secured a deal for up to 125 of its CS100s with Delta in 2016.

Bombardier is the largest manufacturing employer in Northern Ireland, and the decision to impose duties on the planes has put 4,200 jobs at risk.

Speaking today in the House of Commons, Clark said the government will continue in its efforts to pressure the USA to drop punitive sanctions against Bombardier.



Other News

Trending Now

Dodgers Sweep Diamondbacks, Astros Advance
But despite walking five hitters and needing 88 pitches to get through the first four innings, he kept the score at 1-0. First #postseason homer for @ Cody_Bellinger? The Dodgers clinched the best-of-five divisional series in three games.

Trump on Tillerson: "We have a very good relationship"
Trump said on Saturday that he had a good relationship with his secretary of state despite some disagreements. When asked by reporters what storm he was referring to, the president said, "You'll find out".

Bucs sign kicker Patrick Murray
Murray has a career field-goal percentage of 80.8, which is a lot higher than what Folk has given the Bucs this year. The 26-year-old spent 2015 on injured reserve, then appeared in two games with the Cleveland Browns in 2016.

Windows Phone just died (again)
Citing the lack of app support and poor market share, Microsoft has finally made a decision to kill support for Windows 10 Mobile. Belfiore's tweets indicated that Microsoft can no longer survive in fierce competition against Apple's iOS and Google's Android.

Trump Administration Announces Repeal of Obama-era Clean Power Plan
It aimed to reduce U.S. power industry's carbon dioxide pollution levels 32 percent below the 2005 levels by 2030. The store's owners have been forced to lay off about 60 percent of its workers in recent years.

Ranveer Singh, Deepika Padukone shine in first trailer for 'Padmavati'
The trailer shows the romance between Kapoor and Padukone's characters and introduces Ranveer Singh in a never seen before avatar. The Sanjay Leela Bhansali's dream project, Padmavati has been teasing the audience with the actors' innovative and grand looks.

Hamas' weapons risk could kill Palestinian reconciliation
An official in the Islamic militant group said Thursday that Saleh Arouri will be the deputy to politburo chief Ismail Haniyeh. The PA now coordinates security of the West Bank with Israel, which Hamas rejects.

"X-Files" unveils season-11 trailer at New York Comic Con
Despite his busy schedule, Gilligan said he would "love" to write for the X-Files again if he had the time . It was revived past year for a 10th season and is scheduled to return for Season 11 in January.

Ivana: I'm the Real First Lady; Melania: No, You're Not
When explaining how she has a direct line to speak with the president, Ivana said, "I have a direct number to the White House". She writes: 'I can only shake my head at how it insane it was, I couldn't turn on the television without hearing my name'.

SC order on ban on sale of firecrackers draws mixed reactions
The court also said that a year ago , the capital was "smogged" into an environmental emergency of unseen proportions. India's Supreme Court hopes the ban, which will last until 1 November, will help improve air quality in New Delhi .