Summary
Shares of Bombardier, a Canadian airplane company, dropped after President Donald Trump threatened a 50% tax on Canadian-made planes. Trump's statement raised concerns and confusion among airplane buyers and companies. Bombardier is in talks with the Canadian government to address the issue.
Key Facts
- Bombardier's stock fell 9% after Trump's tariff threat.
- Trump warned of a 50% tax on Canadian planes unless Canada approves US Gulfstream planes.
- Bombardier employs over 3,000 people in the US and works with 2,800 US suppliers.
- There are tensions between Canada and the US over trade policies.
- US airlines like American Airlines and Delta use many Canadian-made planes.
- Bombardier said it is discussing the issue with the Canadian government.
- There are 5,425 Canadian-made aircraft in the US, including various types of jets and helicopters.
