Over the past 16 years, the US and the EU have been locked in a long running dispute over subsidies to Airbus and Boeing.  In October 2019, under the Trump administration, the US escalated the dispute into a trade war by imposing a 25% import tariff on French wine, Italian cheese, Irish whisky, and a long list of other EU products.  The EU retaliated by imposing tariffs on US export of fish, cheese, cotton, tractors, spirits...  Needless to say, it was an unpleasant time for importers/exporters and consumers of the products involved.  Us included.
After 16 months of tariffs war, avid wine buyers started to notice a gradual reduction in supply and increase in price of imported fine wine.  Some customers have started asking the question: "what's wine got to do with airplanes? will the price continue rising?"

On February 25, WSJ reported, Biden Trade Nominee Seeks Solution for Boeing-Airbus Dispute.  At the Senate confirmation hearing on her nomination, the nominee, Katherine Tai, was quoted saying: “At the core of this…is the need for the U.S. and the EU to come together to figure out an answer, I would very much be interested in figuring out how to land this particular plane because it has been going on for a very long time.”

If anything, this is a good signal that the Biden Administration intends to find a resolution with the EU on ending the trade disputes.  The question is not if, but when, the tariffs will end.

For our customers and us in the industry, the tariffs war cannot end soon enough.  But, at least, the cavalry is on its way.