News Brief: The U.S. Commerce Department says its tariffs on imported Canadian jets will add up to 292.21 percent, marking another escalation in a trade battle involving Boeing and Canada’s Bombardier. Today’s finding came two days after the U.S. International Trade Commission conducted a hearing to weigh Boeing’s claim that Bombardier was benefiting from illegal dumping and unfair subsidies. The ITC is to make the final ruling on the tariffs in February. So far, the trade battle has led Canada to scrap plans to buy Boeing-built fighter jets, sparked an Airbus-Bombardier deal to get around potential sanctions, and may have contributed to Delta Air Lines’ decision to snub Boeing and order 100 Airbus jets.
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