Economy - published on 08 March 2021
Source: European Commission Spokesperson’s Service
The EU and U.S. agreed today to suspend all retaliatory tariffs on EU and U.S. exports imposed in the Airbus and Boeing disputes for a four-month period. The suspension allows both sides to focus
on resolving this long-running dispute. It provides an important boost to EU exporters, since the U.S. had been authorised to raise tariffs on $7.5 billion of EU exports to the U.S. Similarly, EU
tariffs will be suspended on some $4 billion worth of U.S. exports into the EU.
A press
release is available online.
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