LVMH tariff pressure may be lifted as aerospace agreements taxi for takeoff

Consumer Staples 685 European Union 721 Industrials - Aero/Defense 186 Tariffs 1719 U.S. 4937 United Kingdom 316

The U.S. and EU, as well as the U.S. and U.K., have suspended bilateral tariffs in matching aerospace subsidy disputes for four months to allow long-term settlements to be reached. In the U.S.-EU case, this is one of the lower hanging fruit for the Biden administration to improve trade relations between the two. U.S. aerospace exports have also slumped 34.8% lower year over year in 2020 due to the tariffs, the pandemic and Boeing’s ongoing issues. There’s also been collateral damage to other industries where retaliatory duties have been applied. For the EU that’s been focused on food and...

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