LONDON — The U.S. agreed Thursday to suspend millions of dollars’ worth of tariffs on U.K. exports including Scotch whisky as part of an effort to resolve a long-running trans-Atlantic trade dispute over aerospace subsidies.
The U.S. government will suspend tariffs for four months on a range of goods, the two countries said in a joint statement, in the latest move to de-escalate trade tensions centered around aid for Boeing and Airbus.
Former U.S. President Donald Trump’s administration had slapped tariffs in 2019 on $7.5 billion worth of European goods in retaliation for state support given to Airbus.
Britain was targeted along with the other three stakeholders in Airbus
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