US suspends tariffs on UK goods to resolve aircraft dispute

Former US President Donald Trump’s administration had slapped tariffs on European goods worth $7.5bn.

The United States has agreed to suspend millions of dollars worth of tariffs on exports from the United Kingdom, including Scotch whisky, as part of an effort to resolve a long-running transatlantic trade dispute over aerospace subsidies. The US government will suspend tariffs for four months on a range of goods, the two countries said in a joint statement on Thursday, in the latest move to de-escalate trade tensions centred around aid for Boeing and Airbus. Former US President Donald Trump’s administration had slapped tariffs in 2019 on European goods worth $7.5bn in retaliation for state support given to Airbus.