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U.S. backs 300 percent in duties on Bombardier after Boeing complaint


U.S. backs 300 percent in duties on Bombardier after Boeing complaintBy Alwyn Scott WASHINGTON (Reuters) - The U.S. Commerce Department on Friday notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co's complaint that the Canadian company received illegal subsidies and dumped the planes at "absurdly low" prices. The decision underscored the defensive trade policy of U.S. President Donald Trump, and could effectively halt sales of Bombardier's innovative new plane to U.S. airlines by quadrupling the cost of the jets imported to the United States. The Commerce Department proposed a 79.82 percent antidumping duty on Friday, on top of a 219.63 percent duty for subsidies announced last week.





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