The US and the EU agree to suspend the tariffs imposed by the Airbus and Boeing conflict

New winds are already blowing in transatlantic relations.

The European Union and the United States decided this Friday to suspend all the tariffs with which they had punished each other for the conflict of subsidies to the aeronautical industry, leading to the end of a trade war of more than 15 years.

In a call between the president of the European Commission, Ursula von der Leyen, and the president of the United States, Joe Biden, both parties agreed to abolish for an initial period of four months a tariff charge amounting to 10.3 billion euros.

Spain will be one of the great beneficiaries of the end of these tariffs, which were levied on products such as wine or olive oil for an amount of 1,000 million euros.

Brussels looked forward to Biden's arrival at the White House so that it could relaunch transatlantic relations.

At the top of the new agenda between the two blocs was an agreement to abolish tariffs in cases of illegal aid to Airbus and Boeing.

The European Commission had unsuccessfully asked former President Donald Trump that both parties waive the tariffs that, endorsed by the World Trade Organization, were imposed in retaliation for the aid they had given to their two large aeronautical groups.

Despite the priority of that folder, Brussels did not expect Biden to address it just a month and a half after taking office.

The abolition of tariffs is not only a relief for international trade in the midst of a pandemic.

It goes further: it is a signal about the new stage of cooperation that Washington and Brussels want to open.

The two leaders were invited to the climate summit that the United States is preparing and to the world forum on health that the EU will hold in Rome and agreed to intensify their cooperation in foreign policy within the framework of NATO.

"As a symbol of this new beginning, President Biden and I agreed to suspend all of our tariffs imposed in the context of disputes between Airbus and Boeing, on both aircraft and non-aeronautical products, for an initial period of 4 months," said Von. der Leyen in a statement at the end of the telephone conversation.

According to sources from the Community Executive, during the four months of suspension of taxes (which will take effect as soon as some technical details are resolved) both parties will address how to resolve a dispute that has been open for more than 15 years.

The suspension of taxes between the two parties comes just one day after the United States reached the same pact with the United Kingdom.