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LONDONBritain’s decision to suspend tariffs on Boeing Co jets and other U.S. goods has stunned the planemaker’s European rival, Airbus, and exposes a growing rift between the UK and Europe over aerospace investment, industry sources and analysts said.
The UK said on Tuesday it would suspend the tariffs on Jan. 1, describing the move as an attempt to de-escalate a long-running conflict over aircraft subsidies that has dragged the United States and Europe into a tit-for-tat tariff war.

The decision comes amid wider trade talks between Britain and the United States and ends a united front on tariffs among Airbus’s political backers Britain, France, Germany, and Spain.

Airbus played down the move, saying the company’s goal remains “to find a negotiated settlement of this long-standing dispute to avoid lose-lose tariffs.”

Diplomats say U.S. and EU trade chiefs are in “serious” negotiations to end the 16-year-old aircraft trade dispute. Late on Wednesday, the U.S. Trade Representative’s office welcomed Britain’s decision, saying it “shares the UK’s objective of reaching a negotiated resolution.”

But USTR said Britain had “no authority from the WTO” to impose tariffs on its own in the aircraft subsidies case after leaving the EU because it did not separately sue the United States.#
Via (Reuters)
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