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Rob Crilly — Justin Trudeau tells Donald Trump he will block Boeing contracts over Bombardier tariff row

Summary:
The first trade war of the Trump administration is with — Canada! Not counting sanctions as trade war, of course. Sanctions are just war by non-military means. Justin Trudeau, the Canadian Prime Minister, told President Donald Trump on Wednesday he would block his country’s armed forces from buying Boeing aircraft if the US presses ahead with plans to slap import tariffs of 300 percent on Bombardier aeroplanes. The issue is threatening to ignite a trade war between the US, Canada and the UK, where the Canadian planemaker employs about 4,000 people in Belfast.… And the UK! Theresa May, the Prime Minster, responded by saying the US was risking a trade war and warned Boeing that it was jeopardising future deals with the Ministry of Defence to supply aircraft such as its Apache

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The first trade war of the Trump administration is with — Canada! Not counting sanctions as trade war, of course. Sanctions are just war by non-military means.
Justin Trudeau, the Canadian Prime Minister, told President Donald Trump on Wednesday he would block his country’s armed forces from buying Boeing aircraft if the US presses ahead with plans to slap import tariffs of 300 percent on Bombardier aeroplanes.
The issue is threatening to ignite a trade war between the US, Canada and the UK, where the Canadian planemaker employs about 4,000 people in Belfast.…
And the UK!
Theresa May, the Prime Minster, responded by saying the US was risking a trade war and warned Boeing that it was jeopardising future deals with the Ministry of Defence to supply aircraft such as its Apache helicopters.
Not sure that DJT has thought this trade thing through.

The Telegraph
Justin Trudeau tells Donald Trump he will block Boeing contracts over Bombardier tariff row

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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