Deal agreed during Joe Biden’s trip to Brussels as White House seeks to focus on threat posed by China
A five-year ceasefire in the long-running US-EU trade war over subsidies to aircraft makers has been agreed during Joe Biden’s visit to Brussels, as the White House sought to focus attention on the greater threat said to be posed by China.
Billions of euros and dollars worth of tit-for-tat tariffs imposed on the US manufacturer Boeing and its European rival Airbus will be suspended after both sides committed to work on removing unfair subsidies.