'Reason prevails': Quebec celebrates as Bombardier dodges sky-high U.S. tariffs

'Reason prevails': Quebec celebrates as Bombardier dodges sky-high U.S. tariffs

'Reason prevails': Quebec celebrates as Bombardier dodges sky-high U.S. tariffs

Shares of Bombardier spiked 17% after news of the ITC's decision broke during the afternoon trading session on Friday. Boeing fell less than 1 percent to $341.95.

Boeing said it disagreed with Friday's trade ruling and would review it when further details became available. "It shows that sober business is still prevailing and it does not change our project; we will go ahead full throttle", Enders said. A CNBC report described the ITC ruling as "a surprise decision".

History was also against it: A survey of ITC decisions over the past three years by Veritas Investment Research shows the commission found injury in 87 per cent of its final rulings in anti-dumping and countervailing duty investigations.

The fate of the C Series and the well-paid jobs associated with the plane is important both to Ottawa and the British government. "This decision must now be enforced; Bombardier itself now must reiterate its commitment to the Northern Ireland workforce and end the outsourcing of jobs to low-priced centres".

Comments Wednesday and Thursday from Trump as well as Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross contributed to swings in stock prices and the US dollar as investors tried to parse the remarks for indications of the USA administration's stances on its currency and worldwide trade. USA -listed shares of Airbus, which has taken a majority stake in the C Series line, rose 2.9%.

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"The biggest victor today is perhaps not Bombardier, but Airbus". "Integration planning is going well and we look forward to delivering the C Series to the U.S. market so that U.S. airlines and the U.S. flying public can enjoy the many benefits of this remarkable aircraft".

"This means a major irritant between the two countries disappears, and having that irritant disappear becomes a very positive thing for reaching a NAFTA deal", said Eric Miller, president of the Rideau Potomac Strategy Group. Boeing also alleges that Bombardier is propped up by unfair government subsidies that allow it to undercut foreign competitors. That plane and the C Series can carry similar passenger loads, depending on how they're configured.

"This was really an attack on Bombardier under the pretext that the sale to Delta caused harm to Boeing, but Boeing didn't compete for the sale to Delta ... so it was hard for them to prove that they suffered harm when they weren't even on the starting line", he said.

In a bend, be that as it may, last October, European aviation monster Airbus, Boeing's main adversary, said it would take a larger part stake in the C Series program and said the planes could be produced in Alabama, where Airbus as of now makes narrowbody planes.

Delta executives insisted the Max 7 was never in the running before the airline picked the C Series.

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"We're committed to creating jobs in the USA", he said.

"This is highly unusual and a significant victory for Bombardier and Canada", said Jesse Goldman, an global trade lawyer and partner at Bennett Jones in Toronto.

Deutsche Lufthansa AG's Swiss International, the C Series launch customer, and Air Baltic have praised the jet for its better-than-advertised fuel burn and overall performance.

He expects the orders will flow into Bombardier now that the uncertainty of duties is resolved.

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