The United States and the European Union have agreed on a five-year suspension in tit-for-tat tariffs over a 17-year-long trade dispute that involved subsidies given to Boeing and Airbus for airplane development. The deal, announced today during President Joe Biden’s meetings with EU leaders in Brussels, heads off billions of dollars in duties that could have affected a wide range of products — although U.S. Trade Representative Katherine Tai said the tariffs could be reactivated if “U.S. producers are not able to compete fairly.”
The European Union Aviation Safety Agency has suspended all flight operations of Boeing 737 MAX jets in EU countries in the wake of March 10’s fatal plane crash in Ethiopia, even though the Federal Aviation Administration insisted the model was airworthy.
EASA said it issued its own airworthiness directive “as a precautionary measure,” and suspended all 737-8 and 737-9 flights into, out of or within the European Union.
The suspension follows this morning’s decision by the U.K. Civil Aviation Authority to suspend operations and ban 737 MAX jets from flying over British airspace until further notice.
Just a couple of days ago, longtime Seattle tech entrepreneur Marcelo Calbucci wasexcited about moving his family to London. But now that Britain has voted to leave the European Union, he’s feeling a different emotion.
“I would use a ‘disappointed’ emoji,” Calbucci told GeekWire today.
He’s still going ahead with the move. His wife will be starting a job at Microsoft in London, and his kids (aged 7 and 10) are ready to go as well. But Calbucci has no idea what “Brexit” will do to the tech environment he was so looking forward to jumping into.
“People were moving to London to build these startups – now they might think twice,” he said.