US, EU reach deal on suspending Boeing-Airbus tariffs

Freitag, 05. März 2021 17:22

The United States and the European Union have reached a deal on suspending the Boeing-Airbus tariffs, President of the European Commission Ursula von der Leyen announced on Friday.

"As a fresh start for our partnership, we agreed to suspend all tariffs related to the Airbus-Boeing disputes on aircraft & non-aircraft products for an initial period of 4 months. We also committed to solving these disputes," Von der Leyen said after speaking with US President Joe Biden.

The dispute involving aircraft manufacturers Boeing and Airbus has been going on for 16 years with both the US and the EU claiming each other's company has received illegal subsidies.

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Breaking the News / JC