The United States and the United Kingdom have agreed to suspend retaliatory tariffs for five years in a trade dispute over subsidies for aircraft manufacturers.
The Biden administration has a similar agreement with the EU-European Union, and is accelerating the restoration of relations with allies in order to cooperate with and counter China.
In the trade dispute between the United States and the EU over subsidies to each other's aircraft manufacturers, the former Trump administration of the United States, as part of the retaliatory tariffs, also whiskey etc. We have added a 25% tariff on our imported goods.
On this issue, the Thai trade representative of the United States met with British International Trade Minister Truss in London and announced on the 17th that he had agreed to suspend retaliatory tariff measures for five years.
The joint statement emphasized that China has a joint aim to counter the act of using subsidies to foster state-owned aircraft manufacturers, saying that it will "cooperate to counter China's non-market practices." doing.
The Biden administration had a similar agreement with the EU two days ago and is accelerating the restoration of relations with its allies and others in order to cooperate with and counter China.