{"id":64813,"date":"2021-03-11T03:00:27","date_gmt":"2021-03-11T02:00:27","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=64813"},"modified":"2021-09-15T10:47:37","modified_gmt":"2021-09-15T08:47:37","slug":"eu-and-u-s-agree-to-suspend-all-tariffs-linked-to-the-airbus-and-boeing-disputes","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eu-and-u-s-agree-to-suspend-all-tariffs-linked-to-the-airbus-and-boeing-disputes\/","title":{"rendered":"EU and U.S. agree to suspend all tariffs linked to the Airbus and Boeing disputes"},"content":{"rendered":"

The EU<\/strong> and U.S.<\/strong> agreed today to suspend all retaliatory tariffs<\/strong> on EU and U.S. exports imposed in the Airbus<\/strong> and Boeing<\/strong> disputes for a four-month period<\/strong>.<\/p>\n

\"\"<\/a><\/p>\n

The suspension allows both sides to focus on resolving this long-running dispute and it provides as well an important boost to EU exporters, since the U.S. had been authorized to raise tariffs on $7.5 billion of EU exports to the U.S.<\/p>\n

Similarly, EU tariffs will be suspended on some $4 billion worth of U.S. exports into the EU.<\/p>\n

\u201cThis is a significant step forward. It marks a reset in our relationship with our biggest and economically most important partner. Removing these tariffs is a win-win for both sides, at a time when the pandemic is hurting our workers and our economies. This suspension will help restore confidence and trust, and therefore give us the space to come to a comprehensive and long-lasting negotiated solution. A positive EU-U.S. trade relationship is important not only to the two sides but to global trade at large.\u201d, said the Trade Commissioner Valdis Dombrovskis.<\/p><\/blockquote>\n

Background<\/h3>\n

In 2018, the Appellate Body<\/strong> found that the EU and its Member States had not fully complied with the previous WTO<\/strong> rulings with regard to EU subsidies to aircraft maker Airbus<\/strong>.<\/p>\n

In March 2019, the Appellate Body confirmed that the U.S. had not taken appropriate action to comply with WTO rules on subsidies to aircraft maker Boeing<\/strong>.<\/p>\n

\"\"<\/a><\/p>\n

In October 2019 the WTO authorized the U.S. to take countermeasures<\/strong> against European exports worth up to $7.5 billion, and the U.S. imposed these tariffs on 18 October 2019. The EU Member States concerned have taken in the meantime all necessary steps to ensure full compliance.<\/p>\n

In October 2020, the WTO authorized the EU to take similar countermeasures<\/strong> on $4 billion of U.S. exports to the EU against illegal U.S. subsidies<\/strong> to aircraft maker Boeing.<\/p>\n

The U.S. at that time was not ready to accept a negotiated settlement including an immediate removal of the U.S. tariffs. That is why the EU decided on 9 November 2020 to impose its countermeasures.<\/p>\n

Further information:<\/h3>\n

Press release-European Commission\u00a0<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The EU and U.S. agreed today to suspend all retaliatory tariffs on EU and U.S. exports imposed in the Airbus and Boeing disputes for a four-month period. The suspension allows both sides to focus on resolving this long-running dispute and it provides as well an important boost to EU exporters, since the U.S. had been […]<\/p>\n","protected":false},"author":101012,"featured_media":64782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[346,4064,4065,4087],"tags":[2389,2809,2398],"class_list":{"0":"post-64813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu-news","8":"category-institutional","9":"category-international-pol-coop","10":"category-transport","11":"tag-boeing","12":"tag-tariffs","13":"tag-us","14":"entry"},"acf":[],"yoast_head":"\nEU and U.S. agree to suspend all tariffs linked to the Airbus and Boeing disputes | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/eu-and-u-s-agree-to-suspend-all-tariffs-linked-to-the-airbus-and-boeing-disputes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU and U.S. agree to suspend all tariffs linked to the Airbus and Boeing disputes | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The EU and U.S. agreed today to suspend all retaliatory tariffs on EU and U.S. exports imposed in the Airbus and Boeing disputes for a four-month period. 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