U.S., EU Suspend Tariffs Imposed in Boeing-Airbus Dispute

U.S., EU Suspend Tariffs Imposed in Boeing-Airbus Dispute

Four-month shelving of tariffs on wine, cheese and other goods is sign of thawing trade relations between U.S. allies

The U.S. and the European Union agreed Friday to suspend tariffs on wine, luggage, produce and other goods related to a longstanding dispute over government subsidies to Boeing Co. and Airbus SE, in a sign of easing trade tensions.

The four-month suspension followed a conversation between President Biden and European Commission President Ursula von der Leyen, who both said the tariff cease-fire was a chance to improve strained bilateral ties.

The decision results in the temporary removal of tariffs imposed on products worth $11.5 billion, including levies of 25% the U.S. imposed on $7.5 billion in imported European products, including wine,…