Bombardier blow

Ballard

This really doesn’t look good for Northern Ireland in particular and the UK as a whole. There is so much hope of post-Brexit trade deals between us and the States so we will have to hope that this is a one off.

Bombardier describes tariff ruling in Boeing row as 'absurd'
http://www.bbc.co.uk/news/uk-northern-ireland-41397181

Eric_the_half_a_bee

From what I understand, the tariff is a response to subsidies provided by the Canadian and UK governments to Bombardier, which Boeing claim create an unfair competitive advantage.

I'm pretty sure such subsidies would be prohibited under any trade deal.

HAMISH_MCTAVISH

220% punitive Tariffs on any Bombardier aircraft sold into the USA - which means if this ruling stands there will be no Bombardier aircraft sold into the USA.

And all because the UK and Canadian governments offered preferential investment funding to attract manufacturing jobs.

This is a great example of why increasing international trade with countries like the USA will not be anywhere near as simple as some make out.

Conrad

Lets not forget the EU imposes considerable tariffs on all manner of global products, which has a knock-on effect for the competitiveness of UK output.


Lets also remember the many downsides of EU membership when it comes to for example our wishing to commission UK ship builders for our military needs.


I knew someone would draw some sort of simplistic conclusion that concludes all things non EU spell danger.

ewaste

Conrad wrote: »

Lets also remember the many downsides of EU membership when it comes to for example our wishing to commission UK ship builders for our military needs.

That would be a poor example as the UK Government, or any EU Government for that matter, can do as it wishes for military needs. Whether it chooses to or not for financial or political reasons is nothing much to do with the EU.

qwert_yuiop

It's not related to brexit, but it certainly shows trump isn't going to do us any favours over this special relationship. This could be a disaster.

Eric_the_half_a_bee

qwert_yuiop wrote: »

It's not related to brexit, but it certainly shows trump isn't going to do us any favours over this special relationship.

It's a judicial process through the US courts. What kind of favours do you want from Trump?

Norman_Castle

Eric_the_half_a_bee wrote: »

What kind of favours do you want from Trump?

If he retired it would be appreciated

Linton

In the EU such actions could be countered with appropriate retaliation or even the threat of retaliation - it cant be difficult to find some due cause.

After BREXIT would the UK have the clout?

mayonnaise

Eric_the_half_a_bee wrote: »

It's a judicial process through the US courts.

No, it's a US Dept. of Commerce decision.

The current US Secretary of State for Commerce is Wilbur Ross.
This Wilbur Ross:
https://www.cnbc.com/2016/12/27/brexit-is-a-god-given-opportunity-to-steal-trade-from-uk-wilbur-ross.html

Brexit is a ‘God-given opportunity’ to steal trade from UK

Anyone thinking we're going to get any kind of beneficial trade deal with Trump's 'America First' administration is well and truly beyond delusional.

Eric_the_half_a_bee

mayonnaise wrote: »

No, it's a US Dept. of Commerce decision.

The Commerce Department’s penalty against Bombardier will only take effect if the U.S. International Trade Commission (ITC) rules in Boeing’s favor in a final decision expected in 2018.

http://www.reuters.com/article/us-boeing-bombardier/u-s-slaps-steep-duties-on-bombardier-jets-after-boeing-complaint-idUSKCN1C138W

It's a judicial process