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Brazil's Embraer cheers U.S. decision on Bombardier subsidies
September 26, 2017 / 11:15 PM / 3 months ago

Brazil's Embraer cheers U.S. decision on Bombardier subsidies

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) cheered a decision by the U.S. Department of Commerce on Tuesday to slap preliminary anti-subsidy duties of 220 percent on CSeries jets made by Bombardier Inc (BBDb.TO) after U.S. rival Boeing Co (BA.N) claimed the aircraft were unfairly subsidized by Canada.

Embraer said in an emailed statement that the U.S. decision reinforces Brazil’s argument before the World Trade Organization that Bombardier’s subsidies violate Canada’s trade obligations.

However, one aircraft industry source said the ruling was a mixed result for Embraer, since it might scare off airlines from buying its jets for fear of drawing similar trade reprisals.

Reporting by Brad Haynes; Additional reporting by Tim Hepher in Paris; Editing by Sandra Maler

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