U.S. and EU Agree to Suspend Retaliatory Tariffs in Airbus-Boeing Dispute for 5 Years

2021-06-17T15:19:59+00:00June 16th, 2021|International Trade Issues, Other Government Agencies/Depts.|

Following a summit in Brussels, the United States and EU countries have agreed to put $12 billion worth of retailiatory tariffs on hold for another 5 years as part of a new “cooperative framework” to resolve the long-running WTO dispute over state subsidies for aircraft manufacturers Airbus and Boeing.

European and U.S. Business Groups Urge Leaders to Scrap Retaliatory Tariffs 

2021-05-04T13:38:04+00:00May 3rd, 2021|International Trade Issues, Other Government Agencies/Depts.|

Nearly 90 European and U.S. trade groups last week called on the European Commission President Ursula von der Leyen and U.S. President Joe Biden to permanently remove the EU-US retaliatory tariffs on products unrelated to ongoing transatlantic trade disputes.