USTR Officially Suspends Tariffs on EU, UK
The U.S. Trade Representative officially suspended the Section 301 tariffs on the European Union and the United Kingdom that were imposed as part of the dispute over large civil aircraft subsidies, it said in a notice released July 8. The…
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U.S. reached deals last month with the U.K. (see 2106170025) and the EU (see 2106150007) to suspend the tariffs for five years. "The beginning of the five-year suspension period is July 4, 2021, with respect to tariffs on goods of the UK, and July 11, 2021, with respect to tariffs on goods of EU member States," the agency said.