US and EU Suspend Aircraft Subsidies-Related Tariffs for 5 Years

Dear Client: Today the US and European Union reached an agreement to suspend tariffs related to the dispute over aircraft subsidies for five years.  "The US and EU's agreement marks significant progress towards achieving a long-term solution to this 16-year dispute," said US Trade Representative Katherine Tai during a press briefing early this morning. "This agreement comes during the US-EU Summit - an opportunity to rebuild the US-EU ties, raise the ambition of our relationship, and commit to working together