The US and EU have agreed to a four month suspension of some tariffs that each had previously imposed on one another as punishment for subsidies given to rival aircraft giants, Airbus and Boeing. The mutually-agreed pause aims to kickstart a final trade settlement that will be concluded on more amicable terms.

The temporary pause will have a major impact on billions of dollars’ worth of goods that include aircraft, wine, and foodstuffs. 

The move marks a “fresh start” in trade relations between the US and its European partners. According to a statement from the White House, President Joe Biden “underscored his support for the European Union and his commitment to repair and revitalize the US-EU partnership.” 

 

https://www.neweurope.eu/article/us-eu-temporarily-end-some-tariffs/

Διαβάστε ακόμα