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NABI Heartily Applauds the Mutual Suspension by United States and European Union of the Airbus and Boeing Tariffs for Four Months 

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March 5th – NABI applauds the mutual decision by the United States and the European Union to suspend the  debilitating tariffs imposed in the Airbus and Boeing trade disputes resulting from dispute  settlement rulings from the World Trade Organization (WTO). “NABI is grateful for the good  judgments by European Commission President von der Leyen and U.S. President Biden in  reaching this decision today” said Robert M. Tobiassen, President, National Association of  Beverage Importers. A suspension is not a repeal but provides a “cooling off” period with a firm  deadline for USTR and the European Commission to reach a settlement on the state-subsidy issue in the large civil aircraft contest that may be a starting point for the multilateral  negotiations at the WTO on the issue of state-support to domestic entities.  

“This week has been a very good one for importers of wine and distilled spirits from the  European Union and the United Kingdom and for their export partners in the UK and the EU” said Tobiassen. NABI has advocated a mutual suspension since last October when the WTO  announced the Boeing decision and both the U.S. and the EU then knew the extent of the tariff tools available to them in volume of trade, so the battle lines were drawn.  

Tobiassen added “The four-month mutual suspensions by the EU, UK, and U.S. are very  positive signals that the Biden/Harris Administration is taking real action on the campaign  promise to rebuild trust and trade relationships with our traditional allies. What is clear,  however, is the reality that the steel and aluminum tariffs will overshadow many trade policy  decisions. Here, the UK, EU, and U.S. left in place their steel and aluminum tariffs. Steel is the  juggernaut impacting many trade policies going forward.” At the close of the last century, Jared  Diamond authored the best seller “Guns, Germs, and Steel, The Fates of Human  Societies.” Thus far he is right on germs with the COVID pandemic and steel is going to be the  dictator of a myriad of trade policies going forward. 

“NABI really hopes that as the four months of negotiations rigorously move forward” said  Tobiassen, “that good faith negotiations will lead to good relations and trust that foster the EU to  consider suspending the doubling of the steel and aluminum tariffs in June. Until then, Cheers.” 

For further information, please contact NABI at [email protected]

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