US and EU Reach Deal to End 17-Year Boeing-Airbus Trade Dispute

U.S. President Joe Biden agreed with European Union (EU) leaders on Tuesday to end a trade dispute over aircraft subsidies by suspending tariffs to Boeing and Airbus, officials said.

President of the EU Commission Ursula von der Leyen (L) and President Joe Biden arrive for an EU-US summit at the European Union headquarters in Brussels on June 15, 2021. Kenzo Tribouillard/AFP via Getty Images

President Joe Biden agreed with European Union (EU) leaders on Tuesday to end a trade dispute over aircraft subsidies by suspending tariffs to Boeing and Airbus, officials said.

“Today, the United States and the European Union made a major breakthrough in the Boeing-Airbus trade dispute, which has lasted more than 16 years,” Biden said in a White House statement. “Both the U.S. and EU agreed to suspend our tariffs for five years, and we committed to ensuring a level playing field for our companies and our workers.”