{"id":112010,"date":"2021-06-15T18:30:00","date_gmt":"2021-06-15T18:30:00","guid":{"rendered":"https:\/?p=112010"},"modified":"2021-06-15T23:52:05","modified_gmt":"2021-06-15T23:52:05","slug":"europe-and-us-agree-to-end-airbus-boeing-dispute","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/06\/europe-and-us-agree-to-end-airbus-boeing-dispute.html","title":{"rendered":"Europe and US agree to end Airbus-Boeing dispute."},"content":{"rendered":"\n

The United States and Europe agreed Tuesday to end a damaging dispute over subsidies to rivals Airbus and Boeing and phase out punitive tariffs worth billions of euros, the U.S. trade representative said.<\/p>\n\n\n\n

Representative Katherine Tai said the parties have agreed to a five-year plan to suspend the tariffs at the center of the dispute, the Associated Press<\/a> reported.<\/p>\n\n\n\n

“Today’s announcement resolves a long-standing irritant in the U.S.-European Union relationship,” Tai said, as President Joe Biden met with EU leaders in Brussels. “Instead of clashing with our closest allies, we are finally uniting against a common threat.”<\/p>\n\n\n\n

During the 17-year dispute, which escalated during Donald Trump’s presidency, the parties imposed mutually retaliatory tariffs on a wide range of sectors that have nothing to do with aircraft manufacturing, from French winemakers and German cookie makers to U.S. liquor producers and many more.<\/p>\n\n\n\n

Washington imposed tariffs worth $7.5 billion on European exports in 2019 after the World Trade Organization ruled that the EU had not abided by its rulings on France-based Airbus. In retaliation, Brussels slapped punitive tariffs worth $4 billion in November when the WTO ruled that the U.S. illegally subsidized Boeing.<\/p>\n\n\n\n

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