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3/11, 12:41 PM (Source: TeleTrader)
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EC: Boeing-Airbus tariffs suspension now in effect

The European Commission revealed on Thursday that the tariffs the European Union and the United States imposed against each other over the subsidies dispute involving Airbus SE and The Boeing Company will be suspended from today until July 11, 2021.

"Positive & welcome news for exporters on both sides of the Atlantic. Next stop: finding solutions on future subsidies for the aircraft sector," European Commissioner for Trade Valdis Dombrovskis tweeted.

Last week, Brussels and Washington agreed to suspend tariffs for four months following a conversation between European Commission President Ursula von der Leyen and US President Joe Biden.

Breaking the News / MS