U.S. and EU Declare Truce over Boeing and Airbus Subsidies | Aviation International News

U.S. and EU Declare Truce over Boeing and Airbus Subsidies

U.S. and European Union trade representatives have been given four months to try to find compromise in the long-running dispute over aerospace subsidies.

Airbus has assembled aircraft at its U.S. plant in Mobile, Alabama, since 2019, but so far this has done little to placate trade tensions between the U.S. and European aerospace sectors. (Photo: Airbus)

By Charles Alcock • Managing Editor

March 8, 2021

U.S. and European Union (EU) trade representatives have been given four months to make a fresh start in resolving the long-running dispute over alleged illegal subsidies for their respective aerospace industries. Following a March 5 call between U.S. President Joe Biden and EU President Ursula von der Leyen, the two sides agreed to suspend more than $11 billion worth of tariffs on a wide array of products to allow time for fresh talks.

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