WASHINGTON, D.C. – Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement after the United States and the European Union agreed to suspend tariffs on billions of dollars on each other’s products while both sides continue to work towards a negotiated solution to the long-running Airbus-Boeing dispute:

“These tariffs have needlessly hurt the equipment manufacturing industry and caused real economic harm to both workers and farmers in communities across the country,” said Dennis Slater, president of AEM. “There are no winners in a trade war, only losers. The bilateral trade and investment relationship between the United States and the European Union is critical to both partners’ long-term security and prosperity. We are grateful for the Office of the United States Trade Representative's efforts to provide our industry with immediate tariff relief as it continues to negotiate a permanent solution. Equipment manufacturers are ready to work with the Biden-Harris administration as they work to further reduce barriers to trade, open up more markets, and strengthen the trans-Atlantic trade relationship.”

###

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 2.8 million jobs in the U.S. Equipment manufacturers also contribute $288 billion a year to the U.S. economy.