The United States of America and the European Union have mutually come to a decision for the temporary suspension of tariffs levied on aircraft wine, food and other products on both ways.
Both the governments agreed to temporarily suspend tariffs on billions of dollars of products as they search for a settlement to a long-running clash over subsidies given to Airbus and Boeing.
Over a phone call on Friday, President Biden and Ursula von der Leyen, President of the European Commission, agreed to suspend all tariffs imposed on airplane beverages for “an initial period of four month”, according to Ms. von der Leyen’s statement.
“This is excellent news for businesses and industries on both sides of the Atlantic, and a very positive signal for our economic cooperation in the years to come.”, she said.
Mr. Biden stated that he, “underscored his support for the European Union and his commitment to repair and revitalize the U.S-E.U partnership.”