What Happened
Trade Dispute Escalates With Counter Tariffs And Aerospace Implications
Bombardier shares fell 3% on Tuesday after President Donald Trump threatened the Canadian private jet maker’s access to the US market, which accounts for about half of the company’s sales. The threat is part of an escalating trade dispute between Washington and Ottawa, with Canada introducing counter tariffs on $20 billion worth of US goods. Bombardier has a significant US footprint, with 3,500 American employees and 2,800 suppliers across the country. The company also produces parts in traditionally Republican states and has a US-based defense unit in Wichita, Kansas. This development was reported by Reuters.