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What's puzzling is why Trudeau immediately bowed down to Trump when tariffs were imposed, despite later being thrown out in courts. All he did was to basically
by 908B64B197 5y ago
What's puzzling is why Trudeau immediately bowed down to Trump when tariffs were imposed, despite later being thrown out in courts. All he did was to basically threaten to not buy Boeing fighter jets and instead get F-35 from Lockheed (which he was contractually obligated to anyways).
No support for the industry, nothing. And that was for a flagship prestige technological project. Could you imagine the European Union just... giving up on Airbus? Or the American Government on Boeing?
I still don't understand why he reacted so submissively to Trump. Having the CSeries sold to Airbus at a huge discount was foolish: The plane already had a profitable order backlog.
Now Europeans are reaping the benefits.
- redis_mlc 5y agoBombardier and its pension fund backer wanted a low-risk exit from the airliner business, especially to avoid continuing investment.
- mishac 5y agoThe irony is that the Canadian (and Quebec) government usually get flak for shoveling money and favours to Bombardier, not for refraining from doing it.
- JamisonM 5y agoGetting out of the heavily subsidized airline industry is an unalloyed good, if Canada simply doesn't participate in the production and reaps the benefits of heavily subsidized international products the country wins.
- 908B64B197 5y agoSo the country would rather buy finished products and finance foreign R&D than build them and have innovation happening at home? Interesting vision.
- JamisonM 5y agoIf other countries want to subsidize export products take the free money and devote your resources to other things is, I think, an excellent vision. Being romantic about particular industries is not a good vision I think.