June 16, 2021 โ On Tuesday the United States and European Union announced a cooperative framework to address the large civil aircraft disputes which have been raging since 2004. As part of the agreement, the U.S. and EU have agreed to move away from โpast confrontation in pursuit of a cooperative future by suspending the tariffs related to this dispute for five years.โ
โAfter years of bitter litigation and weeks of intense diplomacy, we have reached a deal on a set of high-level principles that resets U.S.-EU engagement in the large civil aircraft industry,โ U.S. Trade Representative Katherine Tai said in a press release. โWe are strongest when we work with our friends and allies, and the partnership with European Commission Executive Vice President Valdis Dombrovskis is a demonstration of that principle in action.โ