EU Suspends the Applicability of the 15% Punitive Tariff on Civil Aircrafts

In early November 2020, the European Union (EU) announced countermeasures to be imposed against the United States (US) pursuant to a decision issued by a World Trade Organisation (WTO) arbitrator in October 2020. The countermeasures, published in the Official Journal of the EU in Annex I included civil aircrafts and a punitive tariff of 15% on the value of the aircraft was imposed on all aircrafts originating in the US which carried an unladen weight exceeding 15 000 kg, which are for civil use.

Following a collective industry effort to have this tariff reversed, the EU has suspended the applicability of this tariff, which suspension will be in place until the 10^th of July 2021. This suspension has been greatly welcomed and will hopefully lead to a retraction of the imposed countermeasure.