Bad news for Boeing: U.S. trade panel bats down 292% tariff against Bombardier

News Brief: Canadian airplane maker Bombardier scored an unexpected victory today when the U.S. International Trade Commission unanimously rejected a plan to levy a 292 percent tariff on the company’s U.S. sales. The decision suggests that Bombardier’s multibillion-dollar sale of up to 125 single-aisle CS100 jets to Delta will go forward. Boeing said it was disappointed that the ITC failed to recognize the harm it suffered from what it called illegal government subsidies, while Bombardier called the decision a “victory for innovation, competition and the rule of law.” The trade spat has been complicated by revelations that Airbus struck a deal with Bombardier to produce CS100 jets in the U.S., and that Boeing is working on its own deal with Brazil’s Embraer, Bombardier’s closest rival in the commercial airline market.

Check back for updates in this developing story.