A U.S. trade agency on Wednesday said it did not impose hefty duties on sales of Bombardier Inc`s
The International Trade Commission (ITC) issued the reasoning three weeks after its Jan. 26 ruling that discarded a U.S. Commerce Department recommendation to slap a near 300 percent duty on sales of Bombardier`s 110-to-130-seat CSeries jets for five years, following a complaint by Boeing. [nL2N1PL1KK]
ITC commissioners voted 4-0 that Bombardier`s CSeries prices to U.S. carriers did not harm Boeing`s smallest plane, the 737 MAX 7, thereby removing a valid reason to impose duties.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)