Forget Canada: Boeing Needs to Ensure Its Trade Dispute Doesn't Spill Into Europe
Canada, as expected, has fired back at Boeing (NYSE: BA) over the aerospace giant's trade complaint against Canadian manufacturer Bombardier (NASDAQOTH: BDRBF). It's a drop in the bucket for Boeing for now, but problems could escalate quickly if the company doesn't tread carefully.
The Canadian government said Dec. 12 that it would proceed as planned with a competition to buy 88 new jet fighters, but said it would disqualify bidders who caused "harm" to the national economy. Though Canada doesn't mention Boeing in the statement, the comments are a clear reference to Boeing's trade challenge accusing Bombardier of selling its CSeries passenger jet at a drastically discounted price.
A Boeing F/A-18F Super Hornet in flight. Absent the trade dispute, the Super Hornet would be a favorite in the Canadian competition. Image source: Boeing.
Source: Fool.com
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