US and UK Suspend Tariffs on Large Civilian Aircrafts
The US and UK agreed to suspend tariffs on large civilian aircrafts for 4 months.
In a joint statement on March 4, 2021, the United States and United Kingdom announced a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute.
“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.
“This will benefit a wide range of industries on both sides of the Atlantic and allow for focused settlement negotiations to ensure that our aerospace industries can finally see a resolution and focus on COVID recovery and other shared goals.”
To see all products impacted by this suspension, see the list beginning on page 7 here.
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