The Trump administration has announced a delay in imposing tariffs on certain European Union goods.
The tariffs were originally scheduled to take effect on Wednesday, but have been postponed until July 9th.
This postponement affects duties related to a long-standing dispute between the United States and the EU concerning subsidies provided to Boeing and Airbus.
The World Trade Organization (WTO) has ruled on the legality of these subsidies, with both sides found to be in violation.
The US was authorized by the WTO to impose tariffs on European goods due to the EU’s support of Airbus.
The EU was also authorized to impose tariffs on US goods due to the US’s support of Boeing.
Specific details about the products that would be subject to tariffs were already released, however, the delay gives negotiators more time.
The delay suggests a potential for ongoing negotiations between the U.S. and the EU to resolve the trade dispute before tariffs are implemented.
The U.S. government has not yet released any details or statements regarding the reasoning behind the delay, or if negotiations have been formally restarted.
