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European and US officials on Tuesday confirmed an agreement between the European Union and the United States to resolve their long-running dispute over illegal subsidies for plane manufacturers Airbus and Boeing.
“The meeting began with a hack in the planes (…). We decided together to resolve this dispute. “Today we fulfilled our promise,” she said after US President Joe Biden arrived in Brussels to attend a summit between the European Union and the United States.
“This agreement opens a new chapter in our relationship, as we move from litigation to cooperation in aviation, after 17 years of contention,” said Ms. von der Leyen.
US Trade Representative Catherine Taye told reporters that the two sides had agreed to suspend punitive tariffs on each other for five years in the context of this dispute.
The United States is trying to rally the European Union in its confrontation with China and wanted to take advantage of this summit to placate a transatlantic relationship damaged by the Trump years.
«Au lieu de combattre l’un de nos plus proches alliés, nous nous retrouvons finalement ensemble face à une menace commune», an affirmé Mme Tai, en confirmant la prolongation de la trêve qui avait été décidée sur ce dossier expired en mars et in July. “It is a model to meet other challenges such as China,” she added.
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