"Shares of Canadian aeroplane maker Bombardier have plunged after United States President Donald Trump threatened to decertify the private jet maker's large-cabin planes and all Aircraft made in Canada, and slap 50 percent import tariffs on new planes until Canada certified the latest aircraft produced by US rival Gulfstream. The aeroplane maker's stock was down 9 percent Friday morning on the heels of Trump's late Thursday threats."
"If, for any reason, this situation is not immediately corrected, I am going to charge Canada a 50% Tariff on any and all aircraft sold into the United States of America, Trump said in a post on Truth Social. Soar Aviation Law lawyer Amanda Applegate, a US specialist in business aviation law, said on Friday the post had prompted queries from clients who own, or want to buy, Bombardier planes."
"There are also broader tensions between the neighbouring countries after Canadian Prime Minister Mark Carney, citing US trade policy, last week urged nations to accept the end of the rules-based global order that Washington had once championed. Aircraft and aerospace parts have largely escaped the brunt of Trump's US-led trade war, with Canadian-made planes continuing to be exported south of the border under the USMCA trade agreement."
President Donald Trump threatened to decertify Bombardier's large-cabin planes and impose 50% import tariffs on Canadian-made aircraft unless Canada certified Gulfstream's newest planes. Bombardier's shares fell about 9 percent after the threat, prompting market alarm and buyer concern. A White House official said Trump was not suggesting decertifying Canadian-built planes currently in operation, but uncertainty persisted among airlines, analysts, and private-jet owners. The tariff threat appeared on Truth Social and prompted legal and sales inquiries. Broader US–Canada trade tensions and the USMCA trade agreement frame potential economic consequences for carriers and manufacturers.
Read at www.aljazeera.com
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