Economics
U.S. Suspends Tariffs on U.K. Goods in Airbus-Boeing Dispute
- Four-month suspension removes levies on Scotch, clotted cream
- U.K. and U.S. continue to pursue broader trade agreement
Photographer: Andy Buchanan/AFP/Getty Images
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The U.S. will suspend retaliatory tariffs on U.K. products caught up in the longstanding dispute over illegal aid to Boeing Co. and Airbus SE in a boost for post-Brexit Britain’s trade agenda.
The tariff suspension will last four months to “focus on negotiating a balanced settlement to the disputes,” the U.K. government said in a statement on Thursday. The decision means goods like Scotch whisky, biscuits and clotted cream can be imported to the U.S. from Britain without being subject to an additional 25% duty.