The United Kingdom (UK) has announced plans to drop tariffs against the US over aerospace firms’ subsidies, even as they seek to reach a post-Brexit trade deal with Washington.
The suspension will take effect in the UK from 1st January 2021, when the current post-Brexit transition period ends.
We now call on the United States to also suspend the tariffs on United Kingdom goods arising from the Airbus-Boeing dispute so that industries in the UK and the US affected by this dispute can once again trade freely.Scotch Whisky Association Chief Executive Officer, Karen Betts
Donald Trump’s administration imposed the European Union (EU) with tariffs on $7.5 billion worth of goods in retaliation for state support given to Airbus. Products such as Scotch whisky were affected by the spat.
In November, the European Union (EU) has announced plans to impose taxes on $4 billion with duties of up to 25% in retaliation for illegal state aid given to Boeing.