WASHINGTON — US, Canadian, and Mexican officials met in Ottawa last week for a third round of ongoing negotiations to revise the North American Free Trade Agreement (NAFTA). Meanwhile a dispute between the US and Canada over aerospace trade threatens to undermine the talks.
The US Department of Commerce on September 26 imposed a preliminary countervailing duty (CVD) of nearly 220% on 100-150 seat passenger aircraft from Canada. The duty was imposed following a US investigation of an April 2017 complaint by US aerospace company Boeing that Canadian transport company Bombardier—which also manufactures in Northern Ireland—had benefited from government subsidies and was dumping (i.e. selling below production cost) aircraft into the US market.
Read more at Forbes
