U.S., EU Reach Deal to Suspend Airplane Tariffs

Lou Whiteman, The Motley Fool
·2 min read
U.S., EU Reach Deal to Suspend Airplane Tariffs

The United States has reached an agreement with the European Union to suspend tariffs that are part of a nearly two-decade-old dispute over aircraft subsidies, potentially ending the long-running trade battle between Boeing (NYSE: BA) and Airbus (OTC: EADSY). The U.S. had already imposed tariffs on certain Airbus imports as part of a broader $7.5 billion tariff package. On Friday, European Commission President Ursula von der Leyen, in a statement following a phone call with President Joe Biden, said the two sides have agreed to a four-month suspension of aerospace tariffs to allow time for a final deal to be worked out.