This is a great example of Trump using "reciprocal" tariffs to protect American industry and insure that we are treated fairly. He's calling out Canadian protection of their jet industry at the expense of ours. And he's not just calling it out... he's taking aggressive action to make it right.
I don't agree with the broad use of tariffs to try and change trade imbalances. That's a flawed concept for many reasons and deserves appropriate criticism. But that's a topic for a different thread. In this case -- and many others like it -- he is hitting the nail on the head with the hammer. Keep it up.
https://finance.yahoo.com/news/trump-says-us-decertifying-bombardier-011312216.html
I don't agree with the broad use of tariffs to try and change trade imbalances. That's a flawed concept for many reasons and deserves appropriate criticism. But that's a topic for a different thread. In this case -- and many others like it -- he is hitting the nail on the head with the hammer. Keep it up.
Quote:
WASHINGTON, Jan 29 (Reuters) - President Donald Trump said on Thursday the U.S. was decertifying Bombardier Global Express business jets and threatened 50% import tariffs on other aircraft made in Canada until the country certified a number of planes produced by U.S. rival Gulfstream.
https://finance.yahoo.com/news/trump-says-us-decertifying-bombardier-011312216.html