US Suspends Airbus Tariffs on UK for Four Months
The U.S. announced that it is suspending tariffs on U.K. goods levied as part of the Airbus dispute, beginning immediately, and for four months. The U.K. already suspended its tariffs on American goods over Boeing subsidies on Jan. 1. It, too, said it will keep tariffs off for four months.
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"This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China," the U.S. and the U.K. said in a joint statement. "This will benefit a wide range of industries on both sides of the Atlantic, and allow for focused settlement negotiations to ensure that our aerospace industries can finally see a resolution and focus on COVID recovery and other shared goals."