Posted on

U.S. and E.U. End Aviation Trade Spat and Turn to China’s Rise


BRUSSELS — The United States and Europe on Tuesday agreed to put aside a 17-year dispute over aircraft subsidies for Boeing and Airbus and work together to counter China’s global ambitions to dominate key industries.The agreement, which suspends the threat of billions of dollars in punitive tariffs on each other’s economies for five years, is a clear sign of President Biden’s seriousness in repairing relations with the European Union and getting the wealthy bloc on his side in what he regards as a generational challenge from the rise of a technologically advanced and autocratic China.Mr. Biden …

Read More