March 8, 2021
The United States and the European Union announced that they agreed to suspend all retaliatory tariffs on EU and U.S. exports imposed in the Airbus and Boeing WTO disputes for a four-month period.
The suspension allows both sides to focus on resolving this long-running dispute.
The U.S. had been authorised to raise tariffs on $7.5 billion of EU exports to the U.S. Similarly, EU tariffs will be suspended on some $4 billion worth of U.S. exports into the EU.
These tariffs will now be suspended on both sides for a four-month period, as soon as internal procedures on both sides are completed.
A similar agreement was reached between the United States and the United Kingdom.