No relief on European Tariffs in recent USTR Review
Despite industry pressure calling for new negotiations to suspend tariffs, there were no changes in the US Trade Representatives required review of the retaliatory tariffs related to the WTO civil aircraft dispute.
In their release the office stated “The most recent revision to the list of goods subject to additional duties was effective on January 12, 2021… in light of the recent revision, the U.S. Trade Representative has agreed…that it is unnecessary at this time to revise the action. The U.S. Trade Representative will continue to consider the action taken in this investigation.”
Unless a resolution is reached, this will push the next required review of the tariffs to Monday August 9th, 2021.