Bombardier set for 300% duty on plane exports to US
Plane factory BOMBARDIER is facing a proposed 300% duty on its plane exports to America.
The company is one of the North’s largest employers, with more than 4,000 people working at its factory in Belfast.
The Canadian-owned multinational is already facing a 220% tariff and an additional 80% levy has been put on.
US commerce secretary Wilbur Ross said: “The United States is committed to free, fair and reciprocal trade with Canada, but this is not our idea of a properly functioning trading relationship.
“We will continue to verify the accuracy of this decision, while doing everything in our power to stand up for American companies and their workers.”
The US Government said it was prompted to intervene by concern to prevent “injurious dumping” of imports into the country, “establishing an opportunity to compete on a level playing field”, RTE reported.
Dumping is the term for exporting the product at a lower price.