Boeing-Airbus dispute halts EU-US duties for five years

The additional tariffs on the export of Italian cheeses and cured meats to the United States were worth 500 million euros and remained in effect for 16 months That the wind had changed was already understood with the election of Joe Biden to the White House and then with the four-month suspension of tariffs between the EU and the US decided last March. But now, with the moratorium on fares for five years, more than a truce we can speak of peace between the two sides of the Atlantic on the Boeing-Airbus affair. The longest trade dispute in the history of the World Trade Organization that has done a lot of harm to Italian agri-food exports. The agreement, anticipated in recent days, was formalized during the EU-US summit, underway in Brussels. The duties imposed on Italian cheeses and cured meats by the Trump administration were worth about 500 million euros on products such as Grana Padano, Gorgonzola, Asiago, Fontina, Provolone but also salami, mortadella, crustaceans, molluscs, ...