Aircraft
EU, U.S. Reach Deal on Airbus-Boeing Subsidy Dispute
Along with a five-year suspension of tariffs, the EU and U.S. agree to agree on the legality of any financial support to their respective airliner makers.

The European Union and the U.S. have agreed to suspend the application of tariffs arising from the 17-year dispute over subsidies to Airbus and Boeing for five years while the sides formulate “a forward-looking, collaborative platform to address bilateral issues as well as global challenges,” the European Commission confirmed Tuesday. According to a written statement, the sides will collaborate on analyzing and addressing “non-market practices” of third parties that could harm their large civil aircraft industries.