US holds off on threatened tariff hike in EU Airbus fight

Sun Online Desk

13th August, 2020 11:52:09 printer

US holds off on threatened tariff hike in EU Airbus fight

The US has said it will hold off an a threatened hike in tariffs on $7.5bn (£5.75bn) worth of European and UK goods that it imposed as punishment for subsidies for plane-maker Airbus.

The move comes as the two sides wrestle to put to an end their 16-year trade battle over state aid for Airbus and American rival Boeing.

The US last year raised border taxes on more than 100 items, including jumpers, single-malt whiskies and cheese.

It has said the EU has not done enough, BBC reported.

The European Union cautiously welcomed the US decision not to increase the amount of goods subject to tariffs.

 


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