London — The UK government said on Wednesday it will drop the tariffs that the EU had imposed on $4bn of US goods, part of the long-running dispute over illegal aid to aircraft manufacturers Boeing and Airbus.

The move is designed to reduce trade tensions with the US and “show that the UK is serious about reaching a negotiated outcome”, the department for international trade said in a statement. Britain will set its own tariff policy when it completes its split from the EU at year-end...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.