Bombardier shares fall 6% after Trump threatens to block US market access

Bombardier shares pared earlier losses on Tuesday after President Donald Trump threatened the Canadian private jet maker's access to the lucrative U.S. market, which accounts for about half of the company's sales.

Shares slipped 3% in morning trade after opening down 6.4%.

Trump ‌made the ⁠threat ⁠in a post on Monday as a trade dispute between Washington and Ottawa escalates, with Canada introducing counter tariffs on $20 billion worth of U.S. goods. The Toronto Stock Exchange, on which Bombardier trades, was closed on Monday.


It's not clear how Trump would bar Bombardier private jets from being delivered to American ​customers since they have been approved by the ⁠U.S. Federal ‌Aviation Administration. Aerospace has emerged comparatively unscathed by ​Trump's broader ​tariff war that has slapped duties on other sectors.

The ⁠White House was not immediately available for comment.

Trump ​has also faced some internal pushback from lawmakers in ​his own Republican party, as his escalating trade war with Canada emerges as an issue in some states ahead of the November midterm elections.

Bombardier has an American workforce of 3,500, a U.S. footprint of 2,800 suppliers across the country, and produces parts in traditionally Republican ‌states like Texas. Bombardier also has its U.S.-based defense unit in Wichita, Kansas, where a factory militarize business jets ​produced in ​Canada for defense contracts.

Congressman ⁠Ron Estes, who represents Kansas's fourth district, said on Monday night on the social media site X that he opposes tariffs on aerospace, and ​defended the Canadian planemaker's contribution to his state.

"Bombardier supports an extensive American supply chain, boasts maintenance and repair capabilities across the U.S., and is trusted by our military for critical national security missions."