There is hope in the tariff dispute between the EU and the US

Update on Harley-Davidson punitive tariffs

The New York news company Bloomberg reported that punitive tariffs could be suspended for six months on Monday in order to get solution-oriented negotiations underway.

According to Bloomberg, the US government will announce on Monday that it has reached a truce in the dispute with the European Union over metal tariffs, sparing iconic products such as US bourbon whiskey from a doubling of EU tariffs next month. Harley-Davidson is not explicitly mentioned, but we can assume that this will apply to the entire construct.

The resolution is set to take effect on Monday, but this information has not yet been verified.

This is a high-profile dispute that began in 2018 under former President Donald Trump, in which the US imposed tariffs on steel and aluminum from Europe, Asia, and other countries due to risks to US national security. The EU has since retaliated, doubling tariffs on a list of American products to 50% on June 1, 2021.

Under the agreement with the Biden administration, the EU will refrain from raising these tariffs, and both sides will engage in dialogue on steel overcapacity, according to the sources.
The European Union had previously proposed suspending all tariffs on each other's products for six months while negotiations on a long-term solution continue.

Negotiators on both sides of the Atlantic are working to permanently eliminate tariffs, but are not yet ready to do so.

President Joe Biden will attend a summit between the US and the EU in Brussels next month during his first trip abroad as head of state.

Nevertheless, we should continue to push for the petition against the planned Harley-Davidson punitive tariffs!

External web link to the petition