The United States and the European Union agreed to put aside a 17-year dispute, which will result in suspending the threat of tit-for-tat trade tariffs on each other’s economies for five years. The tariff battle, which began in 2004, has affected everything from wine and food products to motorcycles. The agreement is a clear sign of US President Joe Biden’s seriousness in repairing relations with the European Union, and is seen to be warming up to Europe as an ally, and not an economic adversary, as former President Donald Trump did.
The Harley-Davidson Pan America 1250 is the brand’s first adventure touring motorcycle, and Europe is an important market for the brand, as well as the model’s global success
A US representative has claimed that the tit-for-tat trade war is coming to an end, as both sides look set to come to an agreement. According to US Trade Representative Katherine Tai, as long as the terms agreed were abided by, the tariffs would remain suspended.
“The announcement resolves a long-standing trade irritant in the US-EU relationship. We have also with the EU agreed to clear statements on acceptable support for large civil aircraft producers and a cooperative process to address that support between our two parties,” said Tai.