U.K.’s Clark Travels to Canada for Bombardier , Airbus Meetings
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By Alex Morales October 19, 2017 13:39
U.K. Business Secretary Greg Clark is flying to Montreal to discuss the benefits for Northern Ireland of Airbus SE's deal with Bombardier Inc. to take control of the Canadian manufacturer's C Series aircraft.
Clark will meet with Canadian government officials and executives from the two manufacturers on Friday, according to a U.K. government official with knowledge of the plans, which haven't been publicized.
Whereas recent transatlantic visits by the Cabinet minister sought to defuse a trade spat between aerospace giant Boeing Co. and Bombardier, this one has a more positive backdrop.
That's because while the Boeing case led to the U.S. slapping preliminary tariffs of 300 percent on Bombardier, threatening more than 4,000 jobs at its plant in Belfast where the C Series wings are made, the Airbus deal is a boost to the manufacturer.
The airbus deal takes the edge off a trade dispute that had put Prime Minister Theresa May in a difficult position.
She was trapped between the need to keep good relations with U.S. President Donald Trump, with whom she wants to strike a trade deal after Brexit, and the requirement to protect jobs in Northern Ireland, where 10 Democratic Unionist Party lawmakers who prop up her minority government are from.