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Friday, March 12, 2021

Still Waiting On US-EU Tariff Suspensions In Aircraft Dispute

The Office of the U.S. Trade Representative published the formal notice of the suspension of additional tariffs on goods from the UK for four months, with the tariff suspension effective March 4 in the civilian aircraft dispute.

The UK had suspended its tariffs on U.S. goods as of January 1.

But there has not yet been the formal notice on a suspension of tariffs between the U.S. and European Union (EU) that was announced this week. In announcing the two sides would suspend tariffs for four months in a bid to work out a resolution to the dispute, the countries said the suspension would be “effective as soon as the internal procedures on both sides are completed.”

Presumably, that means for the U.S. side that the notice be published in the Federal Register, but so far there has been not action taken as of yet.