Trudeau Describes US, European Pressure on Bombardier Before Airbus Partnership
Former Canadian Prime Minister Justin Trudeau described at a Singapore event how economic pressures from the U.S. and Europe nearly led Bombardier to partner with Chinese investors. He recounted his 2017 G7 intervention that resulted in Airbus acquiring the C Series program. Trudeau also noted similar effects from U.S. tariffs on Canada's automotive and aluminum sectors.
winnipegfreepress.comU.S. and Europe almost drove Canada into China's arms during intense competition in the aerospace sector. He added that Boeing and Airbus, by trying to put Bombardier out of business, nearly pushed Canada toward China.
He told them they were driving Canada into Chinese pockets to protect jobs and that China was willing to pay anything. The G7 Summit is an annual meeting of the Group of Seven leading industrialized nations.
Bombardier launched the C Series aircraft program in 2008. Chinese investors offered a partnership with Bombardier when talks about a potential Airbus merger fell apart. Bombardier turned to China for a deal after negotiations with Boeing over the C Series were unsuccessful.
Trudeau's intervention resolved the issue and led Airbus to take a majority stake in Bombardier's commercial C Series program in 2018, with manufacturing beginning under the A220 name. In 2020, Airbus bought the remaining stake in the A220 program, securing jobs in Quebec, according to the companies.
Tariff threats had a similar effect, causing Canada's automotive industry to look at working with China because the American industry does not want to work with Canada anymore. The U.S. imposed 50% tariffs on imports of the metal.
U.S. tariffs led Canada to find better partners in Europe for aluminum supply as a way to get around economic coercion. Great powers like the U.S., China, Russia, and India have decided they can opt in or out of pieces of the rules-based order.
Key Facts
Story Timeline
6 events- 2026-04-23
Former Canadian Prime Minister Justin Trudeau spoke at CNBC CONVERGE LIVE in Singapore, detailing economic pressures on Bombardier.
3 sourcescnbc.com · Benzinga · unattributed - 2020
Airbus bought the remaining stake in the A220 program, securing more than 3,300 jobs in Quebec.
2 sourcesAirbus and Bombardier · cnbc.com - 2018
Airbus took a majority stake in Bombardier's commercial C Series program and began manufacturing it as the A220.
2 sourcesunattributed · cnbc.com - 2017
At the G7 Summit in Sicily, Justin Trudeau intervened by speaking to Emmanuel Macron, Angela Merkel, and President Trump.
2 sourcesJustin Trudeau · cnbc.com - 2017
Bombardier turned to China for a deal after negotiations with Boeing over the C Series were unsuccessful.
1 sourceunattributed - 2015
Chinese investors offered a partnership with Bombardier when talks about a potential Airbus merger fell apart.
1 sourceunattributed
Potential Impact
- 01
Potential shift in Canada-Europe trade alliances, as seen in aluminum deals bypassing U.S. tariffs.
- 02
Possible diversification of Canadian partnerships away from U.S. in key industries.
- 03
Increased scrutiny on U.S. tariff policies affecting allied automotive sectors.
- 04
Broader discussion on economic coercion among G7 nations.
Transparency Panel
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