On March 4, 2021, the United States and the United Kingdom released a joint statement announcing a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute. The dispute, which has spanned 16 years, and resulted in billion of dollars in tariff actions from both sides of the Atlantic is entering a period of détente. In December of 2020, the United Kingdom announced that it would temporarily suspend retaliatory tariffs that were put in place to counter the approximately $7.5 billion worth of tariffs leveled by the United States. The Biden Administration has followed suit stating that “The United States will now suspend retaliatory tariffs in the Airbus dispute” and that  “This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”

The U.S. tariff List is available here

The U.K. tariff List is available here

For more information on the U.S.-EU aircraft subsidy dispute and related tariffs please contact John BrewFrances P. HadfieldEdward Goetz & Clayton Kaier or refer to our previous posts below:

Biden Decides Against Increased Tariffs in EU-U.S. Aircraft Subsidy Dispute | International Trade Law (cmtradelaw.com)

Large Civil Aircraft Dispute 2021 Update: Section 301 Tariffs on New EU Goods | International Trade Law (cmtradelaw.com)

US Allows Tariffs On $7.5B Of EU Goods | International Trade Law (cmtradelaw.com)

USTR Adds Supplemental List of $4B Worth of Products to EU Airbus Dispute | International Trade Law (cmtradelaw.com)

EU Retaliatory Tariffs:  Preliminary List Proposed in Continuing Dispute with U.S. over Boeing/Airbus Subsidies. | International Trade Law (cmtradelaw.com)

Trump Administration Readies $11 Billion in Tariffs against EU and Schedules Section 301 Hearing in WTO Airbus Case | International Trade Law (cmtradelaw.com)