US and EU poised to end Airbus-Boeing dispute as they eye threat from China
CNN
The United States and the European Union are poised to resolve a long-running trade dispute over subsidies to Airbus and Boeing, a move that could improve transatlantic relations as both sides seek to counter China's rising economic influence.
The United States and the European Union are expected to announce a resolution of the dispute over government subsidies for the world's leading commercial plane makers during a summit in Brussels on Tuesday, according to a US official. EU Trade Commissioner Valdis Dombrovskis and US Trade Representative Katherine Tai have scheduled a news conference for 9 a.m. ET. There were signs in recent months that the conflict over subsidies may be coming to a close after years of failed negotiations at the World Trade Organization. The United States, European Union and United Kingdom agreed in March to suspend related tariffs worth billions of dollars for four months.
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