Tag Archives: Steep

US aims to keep steep duties on Bombardier jets after Boeing complaint

US aims to keep steep duties on Bombardier jets after Boeing complaintThe U.S. Commerce Department on Wednesday finalised steep anti-subsidy duties on Bombardier Inc's CSeries jets, setting up the next round of a fierce international trade dispute between the United States and Canada. The move announced by the department to impose duties of nearly 300 percent stems from a complaint by rival Boeing Co. The company claimed Bombardier had been unfairly and illegally subsidised by the Canadian government, allowing the planemaker to dump its newest jetliner in the U.S. market below cost. "Today's decision validates Boeing's complaints regarding Bombardier’s pricing in the United States, pricing that has harmed our workforce and U.S. industry," Boeing said in a statement after the department decision. Delta Air Lines, the second largest U.S. carrier by passenger traffic, has an order for 75 of the 100-to-150 seat CSeries jets. The aircraft starts at $ 79.5 million, according to list prices, or some $ 5.9 billion for the total order, but carriers typically receive steep discounts. Bombardier C300 Series Poster Credit: Bombardier If imposed, the duties would more than triple the cost of a CSeries aircraft sold in the United States, based on Boeing's assertion that Delta received the planes for $ 20 million each, well below an estimated cost of $ 33 million and what Bombardier charges in Canada. The Commerce Department's penalty against Bombardier will only take effect if the lesser-known US International Trade Commission (ITC) rules in Boeing's favour, as it so far has, in its final decision expected in early 2018. In its two-part complaint, Boeing called for countervailing duties of 79.41 percent to offset what it described as harmful Canadian subsidies to Bombardier. It also identified a "dumping margin" of 80.5 percent, based on the unpublished prices at which it claims Bombardier sold the CSeries planes to Delta. The department decision follows Commerce Secretary Wilbur Ross' pledge to aggressively police unfairly traded imports to help shrink U.S. trade deficits. The move comes as the United States, Canada and Mexico are involved in a three-way negotiation to modernize the North American Free Trade Agreement (NAFTA). The rift between the two plane makers could, however, move to a larger stage as Canada weighs a complaint to the World Trade Organization or through NAFTA regarding the dispute. At a contentious Monday hearing of the ITC, Canada warned that a positive finding of material harm to Boeing by the group could represent a possible violation of international trade agreements and prompt a formal objection. Canada earlier this month scrapped plans to buy 18 Boeing Super Hornet fighter jets, underlining Ottawa's anger over the trade challenge. Boeing has said it considered all potential risks before deciding to launch its trade case. US-Canadian trade relations have also chilled recently over disputes over Canadian softwood lumber and U.S. milk protein products.



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Qatar's neighbors issue steep list of demands to end crisis

Qatar's neighbors issue steep list of demands to end crisisWASHINGTON (AP) — Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the crisis, insisting that their Persian Gulf neighbor shutter Al-Jazeera, cut back diplomatic ties to Iran and sever all ties with the Muslim Brotherhood.



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For Trump, new week brings series of especially steep tests

For Trump, new week brings series of especially steep testsThis could be another big week for President Trump. The context is crucial: Time is beginning to work against the White House. There are reports the president has told Chief of Staff Reince Priebus he has until the holiday to get the White House staff straightened out and end internal bickering – or else he’ll be fired.



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Pres. Trump’s Budget Calls for Steep Cuts to NIH, Worrying Experts

Pres. Trump’s Budget Calls for Steep Cuts to NIH, Worrying ExpertsDoctors and medical experts say the Trump administration’s aim to cut nearly 6 billion dollars — 20 percent of its budget — would devastate the National Institutes of Health, described as the nation's engine of biomedical discover.



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