EU and US Ends The Tax Increases Originated From Airbus-Boeing

The European Union and the United States have ended a 17-year-old dispute over subsidies to Airbus and Boeing.

EU and US ends the tax increases originated from Airbus-Boeing. The European Union and the United States have agreed to end the 17-year conflict over subsidies to Airbus and Boeing. According to the officials close to the subject in the news compiled by Bloomberg, the agreement was discussed with the member states at the European Commission on Monday evening before the EU-US summit, which will also be attended by US President Joe Biden. The historical agreement will end the conflict that has been going on for 17 years coincided with a period when China increased its state support to Commercial Aircraft Corp of China with the goal of becoming "the third largest aircraft manufacturer". In 2019, the World Trade Organization accepted the US to impose tariffs on 7.5 billion dollars of European Union exports against public support to Airbus, while the EU announced tariffs against 4 billion dollars of US exports in response. These tariffs were suspended for a while in March, when the negotiations for the agreement were held. The conflict between the two sides also affected wine, whiskey and other product groups.