113 U.S. and EU Organisations Urge EU and U.S. to Lift Retaliatory Tariffs on Products Unrelated to Transatlantic Trade Disputes
Lifting Tariffs Will Help Both Economies Recover from the COVID-19 Pandemic
In advance of the upcoming EU-U.S. summit in Brussels, the undersigned 113 organisations reiterate our call for the permanent removal of tariffs on sectors unrelated to the ongoing transatlantic trade disputes. The transatlantic relationship is of enormous economic importance to our sectors, and we are eager to see it protected and nurtured. We welcome the positive steps to de-escalate the disputes over the past few months and hope that both sides can build on this positive momentum to secure the permanent removal of retaliatory tariffs on our products.
We are encouraged by the decision to temporarily suspend tariffs imposed in connection to the World Trade Organization Airbus-Boeing disputes and by the ongoing U.S. and EU efforts to settle the dispute before the suspension ends. Our strong desire is to see an agreement before 11 July to permanently remove these tariffs. However, predictability is essential for businesses on both sides of the Atlantic. Our sectors, therefore, request advance notice that the tariffs will not return, even if there is a need for additional time to negotiate, to account for shipping times between the EU and the U.S.
Read the full statement below: