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A follow-up to my thread on #Bombardier yesterday. #Brexit means losing protection of EU’s trade umbrella, but it gets worse. /1
Being part of the EU helps us defend ourselves against aggressive trade defence policies of others, eg US punitive measures v #Bombardier /2
Like the US, the EU uses trade defence measures such as anti-dumping (AD) & counter-vailing duties (CVDs).… /3
Read 14 tweets
[Thread] People saying #Bombardier is a warning about life after #Brexit: you are right. Let me explain. /1
What’s my qualification? In 1993-4 I was in the UK’s DTI covering the long-running GATT dispute between the EU & US over Airbus v Boeing. /2
The US eliminated the UK’s large passenger aircraft industry in the 50s. In the 70s a new EU consortium challenged US dominance: Airbus. /3
Read 24 tweets
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