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Trump says Bombardier can't sell in U.S. unless Canada aerospace giant builds there
CNBC • • business
Key Points:
- President Donald Trump declared that Bombardier must manufacture its airplanes in the U.S. to continue selling in the American market amid escalating trade tensions with Canada.
- This statement coincides with the implementation of Canadian retaliatory tariffs on over 700 U.S. goods, valued at approximately $20 billion, set to take effect Tuesday.
- The tariffs are a response to U.S. import taxes imposed by Trump on Canadian products such as wine, cement, and hockey sticks following failed trade negotiations.
- U.S. Commerce Secretary Howard Lutnick criticized Canada for abandoning a near-complete trade deal for political reasons, while Canadian Prime Minister Mark Carney expressed willingness to resume talks when the U.S. is prepared.
- Bombardier has not yet commented on Trump's demand or the ongoing trade dispute.
