Canada Agrees To Stay In Reworked Trans-Pacific Partnership
Canada announced it will stay in a revised version of the TPP a year after the U.S. withdrew from the deal.LEARN MORE
A U.S. trade panel has thrown out accusations that Canadian subsidies to Bombardier unfairly hurt rival planemaker Boeing's business.
Canadian plane company Bombardier has won its trade dispute with Boeing, after a surprise ruling from the U.S. International Trade Commission.
The case stemmed from Boeing's accusations that Canada was unfairly subsidizing Bombardier's C Series jets. Boeing said Bombardier's cheap planes ended up cutting into the U.S. market for similar Boeing planes.
The victory means Bombardier won't have to pay a nearly 300 percent tariff on C Series planes it shipped to the U.S. That tariff could have been a serious friction point in an already fraying trade relationship between the U.S. and Canada.
Bombardier declared the ruling "a victory for innovation, competition, and the rule of law" in a statement, while Boeing vowed it will "not stand by as Bombardier's illegal business practices continue to harm American workers."
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