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Trump Drops Bombardier Ban Threat as $270M Investment Announced

By Drooid · · How we work

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Story summary
  • U.S. President Donald Trump backed down on his threat to ban Bombardier plane sales in the United States.
  • Bombardier announced a $270 million investment to expand U.S. infrastructure and create 300 new jobs.
  • The company will recruit for 500 positions in Texas, Kansas, Indiana and Connecticut.
  • Bombardier shares rose about 4 percent, closing at $325.32 after Trump’s comments.