Title: Boeing, Bombardier, & Tariffs -- Protectionist Mischief Hurts Americans | National Review
Headings: The Radiating Mischief of Protectionism
The Radiating Mischief of Protectionism
Loading your audio article
READ MORE:

Content: Boeing’s 787 lost $29 billion over five years before becoming profitable last year.) Boeing, however, cheekily charges that Bombardier is able to be excessively nice to U.S purchasers because the C Series receives government subsidies, including equity investments, worth under $2.8 billion. This is, however, the Boeing pot calling the Bombardier kettle black. Bombardier is indeed subsidized to a fare-thee-well. The Canadian government subsidizes the Montreal-based company, as does the province of Quebec. But the U.S. government essentially provides Boeing with its own financial institution: The company is by far the largest beneficiary of what is known as “Boeing’s Bank” — the misbegotten Export-Import Bank. It provides cheap loans to Boeing’s overseas customers, lowering the real prices they pay. In 2014, 68 percent of the bank’s long-term loan guarantees — its primary business — was on Boeing’s behalf. Boeing also benefits from government contracts — 23 percent of its 2016 revenue;