US, EU Suspend Boeing/Airbus Tariffs for 4 Months

The European Union will drop its tariffs on U.S. exports on the Boeing retaliation list, and the U.S. will drop its Section 301 tariffs on EU products under the Airbus dispute, including food, wine and liquor, for four months, the EU announced March 5.

The U.S. and EU said in a joint statement that "the suspension will cover all tariffs both on aircraft as well as on non-aircraft products, and will become effective as soon as the internal procedures on both sides are completed."