European Union-United States: EU suggests 6-month tariff freeze

The European Union trade chief has reportedly suggested that the EU and the United States should suspend tariffs for six months in order to reach a negotiated settlement on the dispute over subsidies for Airbus and Boeing. In March 2021, they agreed to a four-month suspension on EU and U.S. tariffs on $11.5 billion of products. The trade chief reportedly also indicated that the EU would monitor the Biden administration’s “Buy American” program, which is designed to award public contracts primarily to U.S. firms.