Canada in running for Safran plant despite tariff threat, minister says [Globe and Mail, The (Toronto, Canada)]
SAFRAN SA UNSPON/ ADR (SAFRY)
NASDAQ:AMEX Investor Relations:
safran-group.com/finance/investor-relations
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Source: Globe and Mail, The
increase , the Canadian industry minister said on Tuesday, despite the looming threat of 25 per cent tariffs next week from U.S. President Donald Trump. The jet engine maker has shortlisted France, Canada and the United States as possible factory sites, with a decision expected during the first half of 2025. “When people look at tariffs they see that as a short-term challenge,” minister Francois-Philippe Champagne said in an interview with Reuters. “But you know, in the aerospace industry like in many other heavy industries, the investment cycle is usually around more than a decade or two.” The Canadian dollar on Tuesday weakened to a near two-week low against its U.S. counterpart as investors worried that 25 per cent U.S. trade tariffs will be implemented against Canada and Mexico. Earlier in the day Champagne tried to drum up investment confidence, telling the Chamber of Commerce of Metropolitan Montreal that Canada will remain attractive and attract investment, despite “
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