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The breakthrough in the EU-US trade dispute was announced by European Commission president Ursula von der Leyen following a phone call with US president Joe Biden. Picture: AP
The EU and the US have agreed to suspend mutual tariffs over the Airbus-Boeing dispute for a four-month period, which gives an immediate lifting of the 25% tariff being paid by Irish butter exporters to the US such as Ornua and to a lesser extent on Irish whiskey and related beverage exporters.
The breakthrough was announced by European Commission president Ursula von der Leyen following a phone call with US president Joe Biden on Friday, paving the way for a final settlement of the 16-year-old trade dispute over illegal subsidies by both Washington and Brussels to their aircraft manufacturers.
