Wednesday, September 23, 2020

US holds off on threatened tariff hike in EU Airbus fight

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The US has said it will hold off an a threatened hike in tariffs on $7.5bn (£5.75bn) worth of European and UK goods that it imposed as punishment for subsidies for plane-maker Airbus.

The move comes as the two sides wrestle to put to an end their 16-year trade battle over state aid for Airbus and American rival Boeing.

The US last year raised border taxes on more than 100 items, including jumpers, single-malt whiskies and cheese.

It says the EU has not done enough.