US-EU agreement on the suspension of duties related to the controversial Airbus Boeing

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On March 5, 2021, the European Union and the United States of America agreed to suspend for four months all retaliatory duties on EU and US exports applied in the context of the Airbus and Boeing disputes. The suspension would allow focus on resolving this dispute and give EU exporters a strong boost, as the US was allowed to raise tariffs on $ 7.5 billion of EU exports to the US. Similarly, EU duties on approximately $ 4 billion of US exports to the EU will be suspended.

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