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EU, U.S. Agree To End Trade Feud Over Subsidies To Aircraft Manufacturers

As the G7 summit meets in Brussels, world leaders have agreed to put a 17-year trade feud over subsidies to aircraft manufacturers behind them, suspending almost $12 billion of tariffs.

The conflict centers around subsidies to the U.S.-backed Boeing and the European Union-backed Airbus, but now both sides are putting aside the feud to focus on the threat of China’s own aircraft manufacturing.

Host Robin Young speaks with Here & Now‘s transportation analyst Seth Kaplan about the agreement.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.