The European Union and United States are poised to end a 17-year trade war over Boeing and Airbus subsidies with a truce until 2026, after talks between President Biden and Europe’s top officials. Both sides have agreed a communiqué pledge before a meeting today between Biden and the EU, represented on trade by Ursula von der Leyen, president of the European Commission. Sponsored“We commit to finding balanced/constructive and effective solutions in the large civil aircraft disputes before July 11, 2021,” read an agreed text. Since 2004, the EU and US have hit each other with tit-for-tat tariffs over subsidies to their aviation giants but called a temporary truce with the election of Biden. The dispute has cost transatlantic trade some €10 billion in tariffs, and

Source: The Times June 15, 2021 11:13 UTC