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Associations Send Joint Letter on Detrimental U.S. and EU Tariffs

By February 22, 2021Top News

Seventy-two U.S. and European associations representing a wide range of industries sent a letter on Jan. 25 to President Joseph Biden and European Commission President Ursula von der Leyen urging the immediate suspension of tariffs on sectors unrelated to the ongoing Transatlantic trade disputes. The coalition stated that suspending tariffs will alleviate economic harms and help reestablish a cooperative Transatlantic trading relationship. “The COVID-19 pandemic and the necessary closures of non-essential businesses continue to affect the global economy, including our sectors which support millions of jobs on both sides of the Atlantic,” said the group of U.S. and EU associations. “We believe the immediate suspension of these tariffs is a necessary and fundamental action, which will provide an economic stimulus at a time when it is needed most.”

 

 

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