"Tariff moratorium in Boeing-Airbus dispute is an important signal".
The moratorium in the Boeing-Airbus tariff dispute is an important signal for transatlantic trade relations. Now the focus must be on a final elimination of the tariffs.
Commenting on the suspension of tariffs in the Airbus-Boeing dispute, Ulrich Ackermann, head of the VDMA's foreign trade department, says:
"The moratorium agreed between EU Commission President von der Leyen and US President Biden in the Boeing-Airbus tariff dispute is an important signal for the relaunch of transatlantic trade relations. The next four months should be used to agree on a definitive abolition of the tariffs. After all, the special excavators, induction furnaces and tools affected by the US punitive tariffs in the mechanical engineering sector have nothing to do with international aviation subsidies.
The next four months should be used to agree a final elimination of the tariffs.
But there are many other issues that need to be addressed in transatlantic trade, such as U.S. punitive tariffs on steel and aluminum and a capital goods agreement and mutual recognition agreements on conformity assessments."