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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (62226)	7/12/2019 8:17:35 AM
From: Goose94	Read Replies (1) \| Respond to of 203026

Bombardier (BBD.B-T) U.S. policies which force governments to buy certain products from American factories are harming Bombardier's railcar factories in Canada, the company says. "Buy America" rules are part of what jeopardizes the long-term viability of the company's Thunder Bay plant, where Bombardier is cutting 550 of the 1,100 jobs because contracts from its two major customers, Metrolinx and the Toronto Transit Commission, are coming to an end. U.S. policies serve to encourage Bombardier to shift production southward -- raising the likelihood that the company will eventually serve the Canadian rail market primarily from factories in the United States. They are not new; the country passed its Buy American Act in 1933. Over time, the United States has carved out exceptions, including one for Canada. The trade policy that is troubling Bombardier is the similarly named "Buy America" policy that specifically governs the procurement of transportation assets such as planes and trains, and covers projects that use iron, steel and manufactured products. There are no exceptions for countries that have trade agreements with the U.S.