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Sputnik International — The Boeing-Bombardier Feud

Summary:
Boeing claims huge Canadian government subsidies allowed them to sell a new fleet of planes at substantially less than the market price. ​But David Collins, a professor of international economic law at City University of London, said the case smacked of "double standards." "It's a bit rich of the United States to say that Canada is subsidizing Bombardier, because the US has been doing the same for Boeing for years," Professor Collins told Sputnik. "Lots of industries are subsidized. The convention is that everybody is doing it and you just turn a blind eye to it. Now there is a worry that this could escalate," he added.... Sputnik InternationalThe Boeing-Bombardier Feud: 'Rich of US to Accuse Canada of Subsidizing'

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Boeing claims huge Canadian government subsidies allowed them to sell a new fleet of planes at substantially less than the market price.
​But David Collins, a professor of international economic law at City University of London, said the case smacked of "double standards."
"It's a bit rich of the United States to say that Canada is subsidizing Bombardier, because the US has been doing the same for Boeing for years," Professor Collins told Sputnik.
"Lots of industries are subsidized. The convention is that everybody is doing it and you just turn a blind eye to it. Now there is a worry that this could escalate," he added....
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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