U.S. suspends tariffs on these U.K. goods and eases Airbus— Boeing trade tensions
The U.S. will temporarily suspend retaliatory tariffs on goods imported from the U.K., in a major easing of trade tensions from a long-running dispute over subsidies to aircraft manufacturers Boeing and Airbus. Announced on Thursday, the U.S. and U.K. will suspend tariffs for four months "to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization," the two countries said in a joint statement. The suspension of U.S. tariffs on U.K. goods, including whisky, will come into force on Mar. 8. The U.S. decision matches the U.K.'s unilateral move to cease applying retaliatory tariffs in January, which was a bid to de-escalate the conflict.