Ottawa, October 6, 2017—Today’s ruling to add massive additional duties to the unreasonable tariffs already assessed against Bombardier is the latest in a series of tactics to limit competition and weaken Canada’s aerospace leader, says the Canadian Chamber of Commerce.
“For the second time in a week, the U.S. Department of Commerce has issued an unwarranted penalty based on pure protectionism,” said the Hon. Perrin Beatty, President and CEO of the Chamber.
American competitor Boeing had complained Bombardier was selling its C-Series aircraft below market prices because it had received subsidies from the Canadian government. Last week, the US Department of Commerce ruled in Boeing’s favor and hit Bombardier with additional duties on its jets.
“Bombardier is being penalized for receiving the same government support that other aerospace sectors across the globe receive from their governments. Boeing’s complaint and the Commerce Department’s response constitute an abuse of process that will penalize not only Bombardier but also American workers and travellers and the American airline companies that will be forced to accept higher prices or inferior products,” said the Hon. Perrin Beatty, CEO and President of the Canadian Chamber.
“The damage caused by this ruling will be felt throughout all of the North American aerospace sector during an already turbulent time in global trade,” Mr. Beatty said. “This measure will cause slowdowns in innovation, investments and job creation. It will have far-reaching impacts, not only in Canada, but also in the U.S., the United Kingdom and Ireland. Basically, there are only losers in a trade war,” said Mr. Beatty.
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. Follow us on Twitter @CdnChamberofCom.
– 30 –
Guillaum W. Dubreuil
Director, Public Affairs and Media Relations
Canadian Chamber of Commerce