The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. Most prominently, the import taxes that then-president Donald Trump imposed on European steel and aluminum three years ago have been left in place by President Joe Biden. "It is the longest trade dispute in the history of the WTO." More problems remainDespite the breakthrough, the deal does not end the Trump-era transatlantic trade row. The former U.S. president also slapped duties on EU steel and aluminum.

Source: CBC News June 15, 2021 17:37 UTC