After 17 years, truce nears in U.S.-Europe jet subsidy war

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Reuters

By Tim Hepher, Andrea Shalal, David Shepardson and Philip Blenkinsop (Reuters) -The United States and Europe are expected to announce a five-year suspension of tariffs in their 17-year-old dispute over aircraft subsidies on Tuesday, allowing them to focus on the threat posed by China’s nascent commercial aircraft industry, people familiar with the matter said. A deal to pause the world’s largest corporate trade dispute would help U.S. planemaker Boeing and Europe’s Airbus, while granting relief to dozens of other industries affected by tit-for-tat tariffs that were suspended in March. They fac…

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