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You can find the current article at its original source at https://www.theguardian.com/business/live/2017/sep/27/theresa-may-bitterly-disappointed-bombardier-trade-tariff-imf-world-economy-business-live
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| Theresa May criticised after Bombardier jets hit by huge US trade tariff - business live | |
| (35 minutes later) | |
| 10.44am BST | |
| 10:44 | |
| Liberal Dem Leader Vince Cable has accused America of ‘protectionist bullying’ over the Bombardier ruling. | |
| He is urged Theresa May to stand alongside Canada’s government in refusing to accept the new tariffs lying down. | |
| Cable says: | |
| “Rather than simply expressing ‘bitter disappointment’, our government should be out there fighting for vital British manufacturing jobs in Belfast. | |
| May must support Trudeau’s administration in standing up to protectionist bullying from Donald Trump and his crude ‘America First’ philosophy. | |
| Do we really believe the US will save us from Brexit with a comprehensive trade deal, when this is how they deal with fair and free international competition?” | |
| 10.21am BST | |
| 10:21 | |
| Bombardier workers stunned by huge tariff | |
| Henry McDonald | |
| Workers at the Bombardier aerospace factory in Northern Ireland have admitted they are shocked and stunned by America’s decision. | |
| The news that a tariff of 220% will be imposed on Bombardier’s jet sales to Delta airlines has come a a big blow to the workforce, who make wings for the C Series planes. | |
| Geordie Burnside, a shop steward, says the size of the tariff - effectively tripling the cost of the C Series jet - has taken everyone by surprise. | |
| Burnside, who has worked at the factory for 26 years, told the Guardian that: | |
| “I’ve been getting phone calls from early morning asking why the ruling had slapped down such an enormous tariff. They cannot believe the enormity of it or get their heads around it. There have been a lot of tough times at this factory over the last 26 years and we got through. I hope that the company will appeal and the battle isn’t over yet. | |
| Burnside also warned that the decision has big ramifications for Northern Ireland’s economy: | |
| “There are highly skilled jobs inside this plant which is the biggest manufacturer in Northern Ireland. Thousands of other people’s jobs outside of Bombardier depend on this company too. There are a lot of worried people out there not only in Northern Ireland but the Republic and Britain who supply into Bombardier. It’s a very worrying time.” | |
| 10.08am BST | 10.08am BST |
| 10:08 | 10:08 |
| The US commerce department has upheld Boeing’s claim that Bombardier was able to offer its C-Series planes to US airline Delta for a vastly reduced price because of illegal states subsidies from Canada and the UK, violating global trade rules. | The US commerce department has upheld Boeing’s claim that Bombardier was able to offer its C-Series planes to US airline Delta for a vastly reduced price because of illegal states subsidies from Canada and the UK, violating global trade rules. |
| Under international rules, unfair subsidies from governments can take the form of grants, loans, equity injections, tax breaks and production contributions, if they give a company or an industry an unfair competitive advantage over foreign rivals. | Under international rules, unfair subsidies from governments can take the form of grants, loans, equity injections, tax breaks and production contributions, if they give a company or an industry an unfair competitive advantage over foreign rivals. |
| In this case, Boeing claims that a US$1bn (£750m) bailout of Bombardier by the provincial Quebec government in Canada in 2015 unfairly enabled the firm to sell its C-Series aircraft in the US at below cost price. | In this case, Boeing claims that a US$1bn (£750m) bailout of Bombardier by the provincial Quebec government in Canada in 2015 unfairly enabled the firm to sell its C-Series aircraft in the US at below cost price. |
| The claim also relates to the Northern Ireland Executive and the UK government, which pledged to invest £135m in a new factory in Belfast where the wings for the C-Series planes are manufactured. | The claim also relates to the Northern Ireland Executive and the UK government, which pledged to invest £135m in a new factory in Belfast where the wings for the C-Series planes are manufactured. |
| 10.08am BST | 10.08am BST |
| 10:08 | 10:08 |
| Bombardier dispute explained: | Bombardier dispute explained: |
| The Press Association have written a handy Q&A on the trade dispute between Bombardier and Boeing. | The Press Association have written a handy Q&A on the trade dispute between Bombardier and Boeing. |
| What is the row about? | What is the row about? |
| It centres on US-based Boeing’s allegations that Canadian-headquartered Bombardier received state subsidies allowing it to sell its C-Series planes at below-market prices in America. | It centres on US-based Boeing’s allegations that Canadian-headquartered Bombardier received state subsidies allowing it to sell its C-Series planes at below-market prices in America. |
| The DoC has carried out its own investigation and said it had made a preliminary determination that imports should be subject to a 219.63% import tariff, although it will continue to evaluate the figure. | The DoC has carried out its own investigation and said it had made a preliminary determination that imports should be subject to a 219.63% import tariff, although it will continue to evaluate the figure. |
| If the tariff is imposed when deliveries of the aircraft begin it will increase the cost of selling into one of the world’s most important aviation markets. | If the tariff is imposed when deliveries of the aircraft begin it will increase the cost of selling into one of the world’s most important aviation markets. |
| Bombardier is contracted to supply up to 125 C-Series aircraft to Atlanta-based Delta Airlines in a deal underpinning many staff posts at its manufacturing plant in Belfast. The UK Government has been actively lobbying in the US for a compromise between Boeing and Bombardier amid growing concern about the potential implications for Bombardier’s Northern Ireland operations. | Bombardier is contracted to supply up to 125 C-Series aircraft to Atlanta-based Delta Airlines in a deal underpinning many staff posts at its manufacturing plant in Belfast. The UK Government has been actively lobbying in the US for a compromise between Boeing and Bombardier amid growing concern about the potential implications for Bombardier’s Northern Ireland operations. |
| What are the aerospace companies saying about it? | What are the aerospace companies saying about it? |
| Boeing submitted a petition with the US International Trade Commission and the Department of Commerce in April which claimed large government subsidies helped Bombardier launch an aggressive campaign to “dump” its C-Series aircraft in the US. | Boeing submitted a petition with the US International Trade Commission and the Department of Commerce in April which claimed large government subsidies helped Bombardier launch an aggressive campaign to “dump” its C-Series aircraft in the US. |
| It said there was a shared industry interest in a level playing field. Bombardier has repeatedly rejected Boeing’s claims, accusing its rival of pure hypocrisy after it alleged anti-competition practices in the sale of aircraft. The manufacturer described the DoC’s interim determination as “absurd” and “divorced from the reality about the financing of multi-billion-dollar aircraft programmes”. | It said there was a shared industry interest in a level playing field. Bombardier has repeatedly rejected Boeing’s claims, accusing its rival of pure hypocrisy after it alleged anti-competition practices in the sale of aircraft. The manufacturer described the DoC’s interim determination as “absurd” and “divorced from the reality about the financing of multi-billion-dollar aircraft programmes”. |
| What are the implications for Belfast? | What are the implications for Belfast? |
| Bombardier had been under financial pressure and invested large sums in its new jet programme, which is crucial to many jobs in the city. | Bombardier had been under financial pressure and invested large sums in its new jet programme, which is crucial to many jobs in the city. |
| Last year the firm announced 1,080 job losses at its Northern Ireland plants following delays to the C-Series. | Last year the firm announced 1,080 job losses at its Northern Ireland plants following delays to the C-Series. |
| It is one of the country’s largest employers, with around 4,500 on the books. According to the GMB union it supports nearly 10,000 further jobs through its suppliers. | It is one of the country’s largest employers, with around 4,500 on the books. According to the GMB union it supports nearly 10,000 further jobs through its suppliers. |
| What is the Government doing about it? | What is the Government doing about it? |
| Political powersharing at Stormont has been in cold storage for months. However the DUP’s 10 anti-Brexit MPs are a crucial force propping up the Government in key votes after Theresa May lost her majority in this year’s General Election. | Political powersharing at Stormont has been in cold storage for months. However the DUP’s 10 anti-Brexit MPs are a crucial force propping up the Government in key votes after Theresa May lost her majority in this year’s General Election. |
| DUP leader Arlene Foster’s influence has seen the Prime Minister lobbying US President Donald Trump during a recent visit to New York. | DUP leader Arlene Foster’s influence has seen the Prime Minister lobbying US President Donald Trump during a recent visit to New York. |
| Following the DoC’s announcement the UK Government said it would “continue to strongly defend UK interests” and labelled Boeing’s position as “unjustified”. | Following the DoC’s announcement the UK Government said it would “continue to strongly defend UK interests” and labelled Boeing’s position as “unjustified”. |
| 9.55am BST | 9.55am BST |
| 09:55 | 09:55 |
| More from Labour’s shadows secretary of state for Northern Ireland: | More from Labour’s shadows secretary of state for Northern Ireland: |
| Why did Theresa May refuse to echo Justin Trudeau's promise to cuts contracts with #Boeing if they pursued action against #Bombardier ? | Why did Theresa May refuse to echo Justin Trudeau's promise to cuts contracts with #Boeing if they pursued action against #Bombardier ? |
| The Bombardier crisis also shows why we need an executive back in Belfast. The Tories can't be relied on to stand up for Northern Ireland. | The Bombardier crisis also shows why we need an executive back in Belfast. The Tories can't be relied on to stand up for Northern Ireland. |
| Northern Ireland’s devolved government collapsed in January, and the region’s political parties haven’t yet agreed a new power-sharing setup. | Northern Ireland’s devolved government collapsed in January, and the region’s political parties haven’t yet agreed a new power-sharing setup. |
| The CBI, which represents Britain’s business leaders, has warned that this deadlock is hurting the economy. | The CBI, which represents Britain’s business leaders, has warned that this deadlock is hurting the economy. |
| Angela McGowan, CBI Northern Ireland Director, says: | Angela McGowan, CBI Northern Ireland Director, says: |
| “Bombardier makes a huge contribution to the Northern Irish economy. They are a major regional employer and support a wider supply chain that stretches across Northern Ireland. | “Bombardier makes a huge contribution to the Northern Irish economy. They are a major regional employer and support a wider supply chain that stretches across Northern Ireland. |
| “The decision by the US Department of Commerce represents a challenge to the Northern Ireland economy and places an important driver of regional economic growth at risk. | “The decision by the US Department of Commerce represents a challenge to the Northern Ireland economy and places an important driver of regional economic growth at risk. |
| “This just reinforces the need for the swift return of an inclusive devolved government. Government and business must work in partnership to deliver a new far-reaching industrial strategy to improve regional resilience, economic competitiveness and facilitate growth. | “This just reinforces the need for the swift return of an inclusive devolved government. Government and business must work in partnership to deliver a new far-reaching industrial strategy to improve regional resilience, economic competitiveness and facilitate growth. |
| “With jobs and future prosperity in the region being put at risk by decisions made far away from Belfast, we need a devolved government that can speak up for and champion the needs of the local workers and businesses most affected.” | “With jobs and future prosperity in the region being put at risk by decisions made far away from Belfast, we need a devolved government that can speak up for and champion the needs of the local workers and businesses most affected.” |
| 9.37am BST | 9.37am BST |
| 09:37 | 09:37 |
| The BBC’s Simon Jack has done a good blogpost explaining the issues around the Boeing-Bombardier case. | The BBC’s Simon Jack has done a good blogpost explaining the issues around the Boeing-Bombardier case. |
| In it, he points out that Boeing has received plenty of money from the US government over the years. Can it really complain about other companies getting subsidies with a straight face?! | In it, he points out that Boeing has received plenty of money from the US government over the years. Can it really complain about other companies getting subsidies with a straight face?! |
| The deal with Delta to supply up to 125 planes was the largest order yet for its big hope, the C-Series, but an order only made possible, say Boeing, by absurdly low pricing made possible by Canadian and UK government subsidies. | The deal with Delta to supply up to 125 planes was the largest order yet for its big hope, the C-Series, but an order only made possible, say Boeing, by absurdly low pricing made possible by Canadian and UK government subsidies. |
| While it is true that Bombardier has received billions from the government of Quebec and the state’s pension fund, Boeing has received more, a lot more, from the US military, Nasa and the State of Washington over many decades. | While it is true that Bombardier has received billions from the government of Quebec and the state’s pension fund, Boeing has received more, a lot more, from the US military, Nasa and the State of Washington over many decades. |
| Boeing would argue these were commercial arrangements, others would call them padded contracts amounting to subsidies. | Boeing would argue these were commercial arrangements, others would call them padded contracts amounting to subsidies. |
| Jack adds that Theresa May is in a bind. She needs Northern Ireland’s DUP to back her in parliament, but she can’t really afford to upset a major employer like Boeing either.... | Jack adds that Theresa May is in a bind. She needs Northern Ireland’s DUP to back her in parliament, but she can’t really afford to upset a major employer like Boeing either.... |
| Boeing issued a polite but firm reminder to Theresa May that it employs 16,500 people in its UK supply chain and last week broke ground on a new facility in Sheffield. | Boeing issued a polite but firm reminder to Theresa May that it employs 16,500 people in its UK supply chain and last week broke ground on a new facility in Sheffield. |
| The Prime Minister may find it difficult to keep her new best friends in the DUP sweet while not offending such an important employer in the rest of the UK. | The Prime Minister may find it difficult to keep her new best friends in the DUP sweet while not offending such an important employer in the rest of the UK. |
| Picking sides in the Bombardier trade dispute is not as easy as it looks. Blog https://t.co/jKX90uGrhL | Picking sides in the Bombardier trade dispute is not as easy as it looks. Blog https://t.co/jKX90uGrhL |
| 9.23am BST | 9.23am BST |
| 09:23 | 09:23 |
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| 9.20am BST | 9.20am BST |
| 09:20 | 09:20 |
| Owen Smith: May was 'complacent' and 'criminally negligent' | Owen Smith: May was 'complacent' and 'criminally negligent' |
| Labour MP Owen Smith, shadow secretary of state for Northern Ireland, has heavily criticised Theresa May’s government. | Labour MP Owen Smith, shadow secretary of state for Northern Ireland, has heavily criticised Theresa May’s government. |
| He says they were ‘criminally negligent’ for not persuading the US to reject Boeing’s claim. | He says they were ‘criminally negligent’ for not persuading the US to reject Boeing’s claim. |
| Smith also points out that the decision suggests cracking a new trade deal with America after Brexit will be tough: | Smith also points out that the decision suggests cracking a new trade deal with America after Brexit will be tough: |
| Mrs May & the Tories have been criminally negligent in failing to force withdrawal of this action by Boeing https://t.co/OcRaBCwbAB?ssr=true | Mrs May & the Tories have been criminally negligent in failing to force withdrawal of this action by Boeing https://t.co/OcRaBCwbAB?ssr=true |
| UK officials told journalists last week that they were 'quietly confident' Boeing would lose the #Bombardier case. Complacency costs jobs. | UK officials told journalists last week that they were 'quietly confident' Boeing would lose the #Bombardier case. Complacency costs jobs. |
| And try telling Bombardier workers this morning that post Brexit we'll be striking 'easy' free trade agreements with the US! | And try telling Bombardier workers this morning that post Brexit we'll be striking 'easy' free trade agreements with the US! |
| Conservative MP Anna Soubry, a vocal opponent of Brexit, has also tweeted about the ruling: | Conservative MP Anna Soubry, a vocal opponent of Brexit, has also tweeted about the ruling: |
| US Court ruling #Bombardier #Belfast is not only wrong but shows all trade deals require a loss of so called "sovereignty" | US Court ruling #Bombardier #Belfast is not only wrong but shows all trade deals require a loss of so called "sovereignty" |
| Honoured & impressed to visit #Bombardier #Belfast C class wing factory as Bis Minister confident @Number10gov will fight #Boeing ruling | Honoured & impressed to visit #Bombardier #Belfast C class wing factory as Bis Minister confident @Number10gov will fight #Boeing ruling |
| Updated | Updated |
| at 9.47am BST | at 9.47am BST |
| 9.09am BST | 9.09am BST |
| 09:09 | 09:09 |
| Unions are blaming Theresa May for not persuading Donald Trump to reject Boeing’s claim. | Unions are blaming Theresa May for not persuading Donald Trump to reject Boeing’s claim. |
| Ross Murdoch, of the GMB union,says the PM was: | Ross Murdoch, of the GMB union,says the PM was: |
| “asleep at the wheel when she could and should have been fighting to protect these workers. It’s high time she woke up”. | “asleep at the wheel when she could and should have been fighting to protect these workers. It’s high time she woke up”. |
| What does the US tariff on Bombardier tell us about the May-Trump relationship?She asked him to intervene but... https://t.co/RhU36Z3MhI pic.twitter.com/1pqW7Q33cr | What does the US tariff on Bombardier tell us about the May-Trump relationship?She asked him to intervene but... https://t.co/RhU36Z3MhI pic.twitter.com/1pqW7Q33cr |
| 9.08am BST | 9.08am BST |
| 09:08 | 09:08 |
| Arlene Foster, the leader of Northern Ireland’s Democratic Unionists, also said the Department of Commerce’s decision was “very disappointing”. | Arlene Foster, the leader of Northern Ireland’s Democratic Unionists, also said the Department of Commerce’s decision was “very disappointing”. |
| Foster says: | Foster says: |
| “The CSeries is a hugely innovative aircraft that is vital to Bombardier’s operations in Belfast. It is this innovation that sets the C-Series apart and it is not in direct competition with Boeing. | “The CSeries is a hugely innovative aircraft that is vital to Bombardier’s operations in Belfast. It is this innovation that sets the C-Series apart and it is not in direct competition with Boeing. |
| 9.04am BST | 9.04am BST |
| 09:04 | 09:04 |
| The Department of Commerce released its ruling against Bombardier last night - you can see it online here: | The Department of Commerce released its ruling against Bombardier last night - you can see it online here: |
| U.S. Department of Commerce Issues Affirmative Preliminary Countervailing Duty Determination on Imports of 100- to 150-Seat Large Civil Aircraft From Canada | U.S. Department of Commerce Issues Affirmative Preliminary Countervailing Duty Determination on Imports of 100- to 150-Seat Large Civil Aircraft From Canada |
| It argues that Bombardier has received subsidies from the Canadian government on the C-Series planes that it has sold to the Delta airline, worth 219%. | It argues that Bombardier has received subsidies from the Canadian government on the C-Series planes that it has sold to the Delta airline, worth 219%. |
| So, it is ordering US Customs and Border Protection to collect cash deposits on every plane shipped into America - effectively tripling the cost. | So, it is ordering US Customs and Border Protection to collect cash deposits on every plane shipped into America - effectively tripling the cost. |
| U.S. Secretary of Commerce Wilbur Ross says the Trump administration won’t tolerate illegal subsidies: | U.S. Secretary of Commerce Wilbur Ross says the Trump administration won’t tolerate illegal subsidies: |
| “The U.S. values its relationships with Canada, but even our closest allies must play by the rules. | “The U.S. values its relationships with Canada, but even our closest allies must play by the rules. |
| The subsidization of goods by foreign governments is something that the Trump Administration takes very seriously, and we will continue to evaluate and verify the accuracy of this preliminary determination.” | The subsidization of goods by foreign governments is something that the Trump Administration takes very seriously, and we will continue to evaluate and verify the accuracy of this preliminary determination.” |
| Updated | Updated |
| at 9.43am BST | at 9.43am BST |
| 8.53am BST | 8.53am BST |
| 08:53 | 08:53 |
| Labour: Government must protect Bombardier jobs | Labour: Government must protect Bombardier jobs |
| Shadow education secretary Angela Rayner called on the government to protect the thousands of Bombardier workers in Belfast. | Shadow education secretary Angela Rayner called on the government to protect the thousands of Bombardier workers in Belfast. |
| She stressed that the UK had followed the rules and added that the government “needs to be robust in their defence of that”. | She stressed that the UK had followed the rules and added that the government “needs to be robust in their defence of that”. |
| She told BBC Radio 4’s Today programme: | She told BBC Radio 4’s Today programme: |
| “The Bombardier situation is quite a crucial one because these are UK jobs that we depend on, thousands, and actually the government were involved in that contract process and were robust and I think that we have to defend the fact that that contract was awarded and we followed the rules. | “The Bombardier situation is quite a crucial one because these are UK jobs that we depend on, thousands, and actually the government were involved in that contract process and were robust and I think that we have to defend the fact that that contract was awarded and we followed the rules. |
| “At times Jeremy [Corbyn] talks about sometimes the global rules don’t benefit UK jobs, but actually we followed the rules, we got that contract fair and square and the government must ensure that we protect those jobs to ensure that we can keep our businesses running.” | “At times Jeremy [Corbyn] talks about sometimes the global rules don’t benefit UK jobs, but actually we followed the rules, we got that contract fair and square and the government must ensure that we protect those jobs to ensure that we can keep our businesses running.” |
| 8.43am BST | 8.43am BST |
| 08:43 | 08:43 |
| DUP MP: America really shouldn't act like this | DUP MP: America really shouldn't act like this |
| Q: There are reports that Canada may retaliate by imposing a block on Boeing imports into Canada. Should Britain hit Boeing with reprisals too? | Q: There are reports that Canada may retaliate by imposing a block on Boeing imports into Canada. Should Britain hit Boeing with reprisals too? |
| Sir Jeffrey Donaldson MP says it is too early to consider this, as we’ve only had the preliminary decision from the US Department of Commerce. | Sir Jeffrey Donaldson MP says it is too early to consider this, as we’ve only had the preliminary decision from the US Department of Commerce. |
| But he drops a hint that the UK could hit back, saying Theresa May is “putting down a marker” by criticising the decision so strongly today. | But he drops a hint that the UK could hit back, saying Theresa May is “putting down a marker” by criticising the decision so strongly today. |
| If Boeing want to do business in the UK, they need to stop acting in such an unreasonable and irrational way against an aircraft that is innovative and isn’t in direct competition with Boeing. | If Boeing want to do business in the UK, they need to stop acting in such an unreasonable and irrational way against an aircraft that is innovative and isn’t in direct competition with Boeing. |
| If America is about free trade and free enterprise, it really shouldn’t be doing this. | If America is about free trade and free enterprise, it really shouldn’t be doing this. |
| Reminder: Donaldson’s position is significant, as the DUP are now propping up Theresa May’s government in Westminster. | Reminder: Donaldson’s position is significant, as the DUP are now propping up Theresa May’s government in Westminster. |
| Q: Are you pessimistic or optimistic about Bombardier’s chances in this dispute, Sir Jeffrey? | Q: Are you pessimistic or optimistic about Bombardier’s chances in this dispute, Sir Jeffrey? |
| I believe David can defeat Goliath, Donaldson shoots back. | I believe David can defeat Goliath, Donaldson shoots back. |
| Updated | Updated |
| at 8.47am BST | at 8.47am BST |
| 8.34am BST | 8.34am BST |
| 08:34 | 08:34 |
| Q: What did Trump say to Theresa May about this dispute? | Q: What did Trump say to Theresa May about this dispute? |
| At that stage, they were waiting for the interim decision, replies Sir Jeffrey Donaldson. He’s sure they’ll speak again now the decision is out. | At that stage, they were waiting for the interim decision, replies Sir Jeffrey Donaldson. He’s sure they’ll speak again now the decision is out. |
| Donaldson adds: | Donaldson adds: |
| He [Trump] has adopted in the past a protectionist approach to US business. | He [Trump] has adopted in the past a protectionist approach to US business. |
| But we believe strongly in this case that it isn’t about protectionism because Bombardier and Boeing were not competing for the Delta aircraft [contract]. | But we believe strongly in this case that it isn’t about protectionism because Bombardier and Boeing were not competing for the Delta aircraft [contract]. |
| We think the C-Series is not in direct competition with Boeing. | We think the C-Series is not in direct competition with Boeing. |
| Updated | Updated |
| at 8.36am BST | at 8.36am BST |
| 8.30am BST | 8.30am BST |
| 08:30 | 08:30 |
| DUP MP: Devastating consequences for Belfast if factory closes | DUP MP: Devastating consequences for Belfast if factory closes |
| Sir Jeffrey Donaldson, a Democratic Unionist Party MP, is also on the Today Programme. | Sir Jeffrey Donaldson, a Democratic Unionist Party MP, is also on the Today Programme. |
| He says Bombardier’s factory is critical to Belfast, supporting 4,000 jobs and around 80 firms in the supply chain. | He says Bombardier’s factory is critical to Belfast, supporting 4,000 jobs and around 80 firms in the supply chain. |
| There would be devastating consequences for the economy if the factory were closed, and we’re going to do everything we can to make sure that doesn’t happen. | There would be devastating consequences for the economy if the factory were closed, and we’re going to do everything we can to make sure that doesn’t happen. |
| Donaldson adds that Bombardier have a strong case, and accuses Boeing of acting unreasonably by bringing its case against its Canadian rival. | Donaldson adds that Bombardier have a strong case, and accuses Boeing of acting unreasonably by bringing its case against its Canadian rival. |
| The C-series is an innovative aircraft, it’s hugely competitive, and that’s why Boeing in the most unreasonable and irrational way have tried to block Bombardier from the market. | The C-series is an innovative aircraft, it’s hugely competitive, and that’s why Boeing in the most unreasonable and irrational way have tried to block Bombardier from the market. |
| 8.20am BST | 8.20am BST |
| 08:20 | 08:20 |
| Haley Dunne, director of public affairs at Bombardier Belfast, says the 219% tariff is “absurd”. | Haley Dunne, director of public affairs at Bombardier Belfast, says the 219% tariff is “absurd”. |
| Speaking on Radio 4 she says that: | Speaking on Radio 4 she says that: |
| It’s a preliminary decision, and we’ll continue though the process.... | It’s a preliminary decision, and we’ll continue though the process.... |
| The magnitude of the fines that are being imposed are absolutely absurd. | The magnitude of the fines that are being imposed are absolutely absurd. |
| Q: Can you give any guarantees to your workers that jobs are safe? | Q: Can you give any guarantees to your workers that jobs are safe? |
| Dunne says that Boeing’s claim is “meritless”, and Bombardier are confident that the facts will support them in the end. | Dunne says that Boeing’s claim is “meritless”, and Bombardier are confident that the facts will support them in the end. |
| However, there is “no doubt” that the C series jet is crucial to our future, she adds. | However, there is “no doubt” that the C series jet is crucial to our future, she adds. |
| Updated | Updated |
| at 8.56am BST | at 8.56am BST |
| 8.17am BST | 8.17am BST |
| 08:17 | 08:17 |
| This 219% tariff slapped on Bombardier could “kill demand for the C-Series in the US”, says the BBC’s Simon Jack on the Today Programme. | This 219% tariff slapped on Bombardier could “kill demand for the C-Series in the US”, says the BBC’s Simon Jack on the Today Programme. |
| He points out that last night’s ruling is only ‘preliminary’. A further ruling in February will examine how much damage has actually been suffered by Boeing (who didn’t actually pitch for this contract to supply jets to Delta). | He points out that last night’s ruling is only ‘preliminary’. A further ruling in February will examine how much damage has actually been suffered by Boeing (who didn’t actually pitch for this contract to supply jets to Delta). |
| Some critics have claimed that Boeing is just trying to “strangle a competitor” by bringing its complaint, Jack adds. | Some critics have claimed that Boeing is just trying to “strangle a competitor” by bringing its complaint, Jack adds. |
| 8.08am BST | 8.08am BST |
| 08:08 | 08:08 |
| May 'bitterly disappointed' by tariff move | May 'bitterly disappointed' by tariff move |
| The UK government has hit back against the US Department of Commerce’s decision to imposing a 219% tariff on sales of Bombardier’s C-Series jet to Delta. | The UK government has hit back against the US Department of Commerce’s decision to imposing a 219% tariff on sales of Bombardier’s C-Series jet to Delta. |
| Theresa May says she is “bitterly disappointed” by the move, and pledged to keep working with Bombardier to protect jobs in Northern Ireland. | Theresa May says she is “bitterly disappointed” by the move, and pledged to keep working with Bombardier to protect jobs in Northern Ireland. |
| Bitterly disappointed by initial Bombardier ruling. 1/2 | Bitterly disappointed by initial Bombardier ruling. 1/2 |
| The Government will continue to work with the company to protect vital jobs for Northern Ireland. 2/2 | The Government will continue to work with the company to protect vital jobs for Northern Ireland. 2/2 |
| Unions had urged May to step in to protect Bombardier workers in Northern Ireland. | Unions had urged May to step in to protect Bombardier workers in Northern Ireland. |
| She raised concerns about the future of the factory in a recent phone call with President Donald Trump, and also discussed the issue with Canadian PM Justin Trudeau when she visited Canada this month. | She raised concerns about the future of the factory in a recent phone call with President Donald Trump, and also discussed the issue with Canadian PM Justin Trudeau when she visited Canada this month. |
| Updated | Updated |
| at 8.16am BST | at 8.16am BST |
| 7.59am BST | 7.59am BST |
| 07:59 | 07:59 |
| Introduction: Bombardier jobs at risk after US imposes tariffs | Introduction: Bombardier jobs at risk after US imposes tariffs |
| Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. |
| Thousands of aircraft workers in Northern Ireland have woken up to an uncertain future after the US sided with Boeing in its war against Canada’s Bombardier. | Thousands of aircraft workers in Northern Ireland have woken up to an uncertain future after the US sided with Boeing in its war against Canada’s Bombardier. |
| Donald Trump’s administration have slapped Bombardier with preliminary tariffs of up to 219% on sales of its C-Series jet to the US airline Delta. | Donald Trump’s administration have slapped Bombardier with preliminary tariffs of up to 219% on sales of its C-Series jet to the US airline Delta. |
| This follows allegations from Boeing that Bombardier had unfairly used subsidies from the UK and Canada to sell its regional C-series jets at below cost into the US. | This follows allegations from Boeing that Bombardier had unfairly used subsidies from the UK and Canada to sell its regional C-series jets at below cost into the US. |
| The decision could be a huge blow to Northern Ireland’s economy, as Bombardier is the region’s biggest hi-tech employer, with more than 4,000 workers. | The decision could be a huge blow to Northern Ireland’s economy, as Bombardier is the region’s biggest hi-tech employer, with more than 4,000 workers. |
| Our Ireland correspondent, Henry McDonald, explains how the decision will hurt Bombardier, and how Canada has already hit back: | Our Ireland correspondent, Henry McDonald, explains how the decision will hurt Bombardier, and how Canada has already hit back: |
| If imposed, the duties would more than triple the cost of a C-Series aircraft sold in the US to about $61m per plane, based on Boeing’s assertion that Delta received the planes for $19m each. | If imposed, the duties would more than triple the cost of a C-Series aircraft sold in the US to about $61m per plane, based on Boeing’s assertion that Delta received the planes for $19m each. |
| Bombardier called the decision “absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs”. | Bombardier called the decision “absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs”. |
| Canada’s foreign affairs minister Chrystia Freeland reacted angrily to the decision saying it was “clearly aimed at eliminating” Bombardier’s narrow body jets from the US market. | Canada’s foreign affairs minister Chrystia Freeland reacted angrily to the decision saying it was “clearly aimed at eliminating” Bombardier’s narrow body jets from the US market. |
| We’ll be tracking full reaction to the decision through the day. | We’ll be tracking full reaction to the decision through the day. |
| Also coming up today..... | Also coming up today..... |
| 11am BST: The CBI releases its survey of UK retail sales in September. Volumes are expected to rebound, after shrinking in August. | 11am BST: The CBI releases its survey of UK retail sales in September. Volumes are expected to rebound, after shrinking in August. |
| 1.30pm BST: US durable goods figures for August. Economists expect a small rise, after a surprise 6.8% tumble in July. | 1.30pm BST: US durable goods figures for August. Economists expect a small rise, after a surprise 6.8% tumble in July. |
| 2pm BST: The IMF publishes the Analytical Chapters of the October 2017 World Economic Outlook. They will examine issues including wage dynamics, how low-income countries cope with weather events, and the impact of fiscal policy across countries. | 2pm BST: The IMF publishes the Analytical Chapters of the October 2017 World Economic Outlook. They will examine issues including wage dynamics, how low-income countries cope with weather events, and the impact of fiscal policy across countries. |
| European stock markets are expected to open a little higher. | European stock markets are expected to open a little higher. |
| European opening call @LCGTrading $FTSE +10 points at 7295$DAX +20 points at 12625$CAC +11 points at 5279#EuroStoxx +6 points at 3540 | European opening call @LCGTrading $FTSE +10 points at 7295$DAX +20 points at 12625$CAC +11 points at 5279#EuroStoxx +6 points at 3540 |
| Updated | Updated |
| at 8.02am BST | at 8.02am BST |