Europe and Us Avoid a Trade War

Summary


The US and Europe have stepped back from the brink of a potentially damaging trade war over subsidies to archrivals Airbus and Boeing.

The European Commission yesterday said that Brussels and Washington had agreed to start talks on ending subsidies for the aircraft makers rather than take their dispute to litigation at the World Trade Organisation.

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Extract


Europe and Us Avoid a Trade War

'With this agreement the EU and US have confirmed their willingness to resolve the dispute which has arisen between them - and to devote...

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