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Pages tagged "US Department of Commerce"

Protectionism never works. It's time for the USA to realise this

The main news story this morning is the decision of the US authorities to impose a 220 per cent tariff on the imports of C-Series jets made by Bombardier in Northern Ireland. Bombardier is a major employer in Northern Ireland and 1,000 jobs are linked to the C-Series jet. This tariff has been imposed because Boeing complained that Bombardier gets unfair state subsidies from the UK and Canada. This tariff could triple the cost of the C-Series jet in the US, and you don't need a Ph.D to work out what that means: Bombardier will no longer be able to complete in the US market. This is protectionism, and protectionism always comes back to bite you when you least expect it.  

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