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EU proposes six-month tariff freeze with US: report

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BERLIN: The European Union has suggested that it and the United States suspend tariffs on billions of dollars in imports for six months, EU trade chief Valdis Dombrovskis told Der Spiegel, Saturday April 10.

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That would go beyond a four-month suspension agreed to last month and send a signal that Brussels is seeking compromise in a 16-year-old dispute over aircraft subsidies.

“We proposed to suspend all mutual tariffs for six months in order to reach a negotiated solution,” Dombrovskis told the news magazine.

“This would create a necessary breathing space for industries and workers on both sides of the Atlantic,” he added.

In March, the two sides agreed to a four-month suspension covering all US tariffs on US $ 7.5 billion of EU imports and all EU tariffs on US $ 4 billion. Americans of American products, which resulted from lengthy World Trade Organization cases over subsidies to aircraft manufacturers. Airbus and Boeing.

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Dombrovskis also said the EU would closely follow the “Buy American” laws of US President Joe Biden, which provide for US government contracts to be awarded exclusively to US companies.

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“Our aim is to promote public procurement as open as possible around the world,” he told Der Spiegel.

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