Trump Threatens Bombardier With U.S. Sales Ban, Sending Shares Down 4%
Updated
Updated · The New York Times · Sep 8
Trump Threatens Bombardier With U.S. Sales Ban, Sending Shares Down 4%
3 articles · Updated · The New York Times · Sep 8
Summary
Bombardier shares fell about 4% after Trump said the Canadian jet maker could no longer sell aircraft in the U.S. unless it manufactured them there.
The warning deepens Washington’s trade fight with Ottawa and revives Trump’s earlier accusations that Canada restricts U.S. aircraft sales and that Bombardier benefits from unfair subsidies.
Bombardier responded by stressing its existing U.S. footprint, including parts production in California and Texas, thousands of employees across 20 states and 2,800 American suppliers.
The clash echoes Trump’s first term, when the Commerce Department imposed nearly 300% tariffs on new Bombardier passenger jets after Boeing alleged subsidized underpricing.