The agreement was announced Tuesday with Biden in Brussels for a U.S.-E.U. summit.
The U.S. and the European Union on Tuesday reached a deal to end a long running trade feud over subsidies provided to commercial plane manufacturers Boeing and Airbus, an agreement that comes as President Joe Biden meets with world leaders in Brussels and looks to rally the EU as an ally against China. ... [+]
2018 in Renton, Washington. The 737 MAX 7 will have the longest range of the MAX airplane line with a maximum range of 3,850 nautical miles. U.S. Trade Representative Katherine Tai announced the deal on Tuesday hours before Biden attended a summit with the EU. The deal ends a 17-year dispute over trade subsidies that began in 2004, when the U.S., and later the EU, granted subsidies to Boeing and Airbus, respectively.
As part of the agreement which will last five years, each country will suspend tariffs and issue a statement of “acceptable support” for the aircraft manufacturers.The deal “resolves a long standing trade irritant in the U.S.-Europe relationship,” Tai said in a statement Tuesday."Instead of fighting with one of our closest allies, we are finally coming together against a common threat."The trade feud between the U.S.
I cover national politics for Forbes. Previously, I've written for TIME, Newsweek, the New York Daily News and VICE News. I also launched my own startup, Newsreel, aI cover national politics for Forbes. Previously, I've written for TIME, Newsweek, the New York Daily News and VICE News. I also launched my own startup, Newsreel, a politics news platform for a young audience.
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