BREAKING | EU, US bury the hatchet in 16-year old Airbus-Boeing subsidies war

The United States and European Union resolved the Airbus-Boeing government subsidies quarrel. 

On June 15, 2021, President of the United States Joe Biden confirmed having reached an agreement with  European Commission President Ursula von der Leyen and European Council President Charles Michel. 

The two sides have agreed to suspend tariffs for five years, putting an end to the 16-year-long  dispute over government subsidies for large aircraft, namely Boeing and Airbus. 

Read more: Switzerland to let vaccinated Americans and Canadians in

“Today, with the agreement on Boeing-Airbus, we have taken a major step in resolving the longest trade dispute in the history of the WTO,”  von der Leyen said. 

“This deal will ensure a level playing field for American workers and companies abroad,” Biden wrote in a message on social media.