EU-US Relations: U.S., EU agree to end tariff turbulence over Boeing, Airbus

U.S. Trade Representative Katherine Tai said the U.S. and the EU have come to terms on a five-year agreement to end their dispute over aerospace sector subsidies. (Jasper Juinen/Bloomberg)
The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease transatlantic tensions, and it will allow the two sides to focus on a common economic threat: China.

But the breakthrough leaves other trade frictions between the U.S. and the EU unresolved. Most prominently, the import taxes that then-president Donald Trump imposed on European steel and aluminum three years ago have been left in place by President Joe Biden. Whether progress on that vexing issue can be resolved soon remains unclear.

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