Aerospace: Truce in long Boeing-Airbus tariff war

The U.S. and European Union agreed to end a 17-year dispute between Boeing and Airbus over aircraft subsidies, said Jim Brunsden in the Financial Times. The two sides reached “a five-year accord to suspend punitive tariffs linked to the original disagreement,” amid an escalating threat of competition from China. The battle, which began in 2004 over subsidies provided to Airbus, escalated under the Trump administration, which used the dispute as justification for “targeting European exports worth $7.5 billion with extra tariffs” in 2019.