Today, the EU and the U.S. agreed to a four month suspension of the Boeing/Airbus dispute tariffs on each other’s products, allowing time to negotiate a settlement.
The United States has had retaliatory duties on about $7.5 billion worth of EU goods since October 2019 and the EU has had retaliation on about $3.9 billion of U.S. goods since last fall.
On Thursday, the U.S. said it will suspend retaliatory tariffs on U.K. products subject to the aircraft-subsidy dispute for four months as well.
In January 2020 and July 2020, RILA submitted comments to USTR urging the Administration to refrain from imposing additional tariffs on EU consumer products.
While it remains unclear how the new administration will approach other tariff issues, this week’s announcements are positive steps towards resolving a long-running trade dispute with our trading partners and removing tariffs that have negatively impacted American businesses, workers, and consumers.
For more information about RILA's advocacy work on trade policy, please contact VP of International Trade Blake Harden.
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