President Donald Trump took to Truth Social on Thursday to state that he is revoking certification for all aircraft manufactured in Canada, including the Global Express business jet produced by Quebec-based Bombardier (OTC:BDRBF)
He also warned of imposing a 50% tariff on the Canadian aircraft until U.S.-made Gulfstream jets receive certification in Canada.
“Canada has wrongfully, illegally, and steadfastly refused to certify the Gulfstream 500, 600, 700, and 800 Jets, one of the greatest, most technologically advanced airplanes ever made.”
In response, Bombardier stated that it is “in contact” with the Canadian government and hopes for a swift resolution to avoid significant disruptions to air traffic and the flying public.
The aircraft maker stated that it is “actively investing” in expanding its U.S. operations, including its new service center in Fort Wayne, Indiana.
Trump Escalates Criticism Of Canada Trade Ties
This move by Trump comes in the wake of his mounting criticism of Canada and its trade agreements. Earlier in the week, Trump slammed Canada’s trade agreement with China, calling it “one of the worst deals of all time.”
Before that, Trump also threatened a 100% tariff on Canadian imports if the country went forward with a free-trade deal with China. The president accused Canada of being a “Drop Off Port” for Chinese goods entering the U.S.
Canadian Prime Minister Mark Carney has denied reports that he retracted remarks from his Davos speech during a recent phone call with Trump, saying he told Trump he “meant” what he said in Davos. On Thursday, Carney stated that he expects Trump to respect Canada’s sovereignty amid reports that separatists from Alberta, an oil-rich Canadian province, met with the Trump administration.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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