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The United States and the United Kingdom recently released a joint statement announcing a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute. Both sides took the decision “to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the
“The United Kingdom ceased applying retaliatory tariffs in the Boeing dispute from January 1, 2021, to de-escalate the issue and create space for a negotiated settlement to the Airbus and Boeing disputes,” said the statement.
“The United States will now suspend retaliatory tariffs in the Airbus dispute from March 4, 2021, for four months. This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”