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Boeing-Airbus trade row set to end after 17 years
Source: BBC
The US and the EU have agreed a truce in a 17-year trade dispute over subsidies for Boeing and Airbus.
Under the agreement, both sides will remove taxes on $11.5bn (£8.2bn) of goods, including wine, cheese and tractors, for five years.
Those tariffs, imposed by both sides as punishment in the escalating dispute, had already been suspended in March while they tried to resolve matters.
...
US President Joe Biden had a summit with EU leaders on Tuesday, where he is trying to bolster support for his more assertive stance towards Russia and China, and move away from Trump-era trade rows.
Read more: https://www.bbc.co.uk/news/business-57484209
"End" in the BBC's headline may be optimistic; but a 5 year truce is better than the tariff wars the former guy thought were "easy to win".
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