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Dismantling a Ticking Time Bomb for Trans-Atlantic Trade, EU Suspends Retaliatory Tariffs on U S -Origin Goods | Faegre Drinker Biddle & Reath LLP
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Stained Steel And A Tricky Trade Truce
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EU Suspend Plans to Raise Tariffs on U.S. Whiskey, Other Goods
05/17/2021 | 07:37am EDT
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By Josh Zumbrun WASHINGTON The European Union on Monday agreed to postpone plans to raise tariffs on American whiskeys, motorcycles, boats and other items set to take effect June 1 as it begins talks with the Biden administration aimed at lifting U.S. steel tariffs. In a joint statement, the U.S. and EU said they would begin formal discussions to address problems plaguing the global steel and aluminum industry, and agreed to chart a path toward resolving the dispute that led to tariffs.
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