US, EU to suspend tariffs in Boeing-Airbus dispute

The four-month suspension is the first step in normalising trade relations between the US and EU in the post-Trump era.

A first phone call on Friday clinched the first trade breakthrough to start rebuilding transatlantic relations between the United States and the European Union in the wake of the Trump presidency. After US President Joe Biden and European Commission President Ursula von der Leyen spoke, both sides decided to suspend tariffs used in the long-standing Airbus-Boeing dispute for the next four months. Von der Leyen said that “as a symbol of this fresh start, President Biden and I agreed to suspend all our tariffs imposed in the context of the Airbus-Boeing disputes, both on aircraft and non-aircraft products, for an initial period of four months.”