Alerts6.29.21
U.S. and the EU Suspend Airbus, Boeing Tariffs
Highlights
The U.S. and the EU have suspended retaliatory tariffs on $11.5 billion of various products for five years, including aircraft
This suspension follows a similar suspension of tariffs between the U.S. and the U.K., which was announced in March 2021
Additionally, the U.S. and EU have aligned to address “emerging threats” in this arena from China
On June 15, 2021, the United States and the European Union announced the suspension of retaliatory tariffs on $11.5 billion of various products they had initiated against one another, as a result of the longstanding dispute related to subsidies provided to Airbus and Boeing, respectively.
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