The United States and the European Union have agreed to suspend billions of dollars in tariffs imposed on each other following a 16-year dispute between Airbus and Boeing.

Iran Press/Europe: European Commission President Ursula Von in a statement on Friday night said that she and US President Joe Biden had agreed to suspend the tariffs for four months.

"This is good news for companies and industries across the Atlantic and a positive sign for our economic cooperation in the years to come."

The United States and the European Union have several cases of subsidies to Airbus and Boeing.

Following the dispute, the United States imposed $ 7.5 billion on imports from the European Union and Europe imposed $ 4 billion in tariffs on American goods.

EU Trade Commissioner Valdis Dombrovskis welcomed the agreement, calling it an important step.

"The suspension of these tariffs is a win-win agreement for both sides, at a time when the coronavirus pandemic has hurt our workers and our economies," he said. 219