Re:Airbus buys majority stake in Bombardier CSeries passenge...
by Cacti on Wednesday October 18, 2017 @12:11PM
(#15500353)
You realize that the justification for the action and the reason behind it need not be the same thing, right? The fact that they are citing a law that was, nearly 100 years ago, concerned with employment, doesn’t mean that is why they are doing this. This is a long term strategic calculation and has nothing to do with a few thousand jobs.
The Department of Commerce announced its affirmative preliminary determination in respect of Bombardier's alleged dumping under its countervailing duties (CVD) powers from the Smoot-Hawley Tariff Act of 1930, as amended [1][2]. The Tariff Act was passed "to protect American jobs and farmers from foreign competition" [2].
There is a secondary concern in national security, e.g. if a country's automotive sector is decimated by foreign competition then it can no longer build tanks. But the driving concern behind "trade wars," and certainly this administration's enforcement of them, is employment.
[1] http://enforcement.trade.gov/download/factsheets/factsheet-c...
[2] https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act#End_of...