Trudeau: Canada Was Almost Driven ‘into China’s Arms’ by U.S. Economic Coercion

TRUDEAU: "There are different types of economic coercion out there and, you know, there are two in particular that I really, you know, think about these days. One is around international aircraft, and the other is around — is around aluminum. On international certified commercial airlines — aircraft makers, there’s just Boeing and Airbus that does the big — they own massive parts of the market share. And to be blunt about it, China has never yet been able to get an internationally certified significant commercial aircraft. They have some smaller ones that they can use locally, but neither the Americans or the Europeans, which are the agencies that the rest of the world looks to to see whether you can add, you know, a big Passenger jet to your fleet, are anywhere near certifying anything built completely in China. So about 10 years ago, Bombardier, a Canadian aerospace company that you know for making the Global Series and Challengers, decided it was going to get into the commercial aircraft building business. And it built something called the C-Series, which was the most modern, single-aisle, extremely fuel-efficient, amazing plane. And we’re in the process, they got it certified, they were in the process of trying to sell it. And Airbus and Boeing did everything they could do to prevent Bombardier from being able to sell those aircraft. They were talking to all their customers, 'Don’t you dare put in an order for the C-Series. Don’t you dare. Don’t you dare.' And finally, Bombardier started really struggling. They had this beautiful aircraft, but they just couldn’t get any customers for it. So, what happens? China comes knocking on Canada’s door, on Bombardier’s door, and pulls up a dump truck full of money and says, 'We’ll keep all the jobs in Bombardier across the country. Canada won’t be troubled in this, but we’ll buy Bombardier. We’ll be able to get ourselves a commercial jet.' So Boeing and Airbus, that were busy trying to put out Bombardier out of business because they didn’t want Bombardier to be a contest, almost drove us into China’s arms where China would have been obviously a much more significant competitor to those two dominant players.”

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