America’s Department of Commerce imposes a tariff of 292% on Bombardier’s C-Series jets
But Boeing is the real loser from the decision
By C.R.
A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Initially buoyed by Mr Trump’s promise of extra spending on defence, the firm's share price fell in December 2016 when he suggested in a tweet that an order for new presidential planes worth $4bn should be cancelled. After the president elect picked a fight with Lockheed Martin, a rival planemaker, Boeing’s executives were left in fear of being the next target.
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