US and EU bury the hatchet on aircraft subsidies to focus on China

Beijing-backed plane manufacturer makes inroads amid protracted feud

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European Commission President Ursula von der Leyen, left, and U.S. President Joe Biden meet in Brussels on June 15. Biden attended a NATO summit the day before. © Reuters

YASUO TAKEUCHI and TAISEI HOYAMA, Nikkei staff writers

BRUSSELS/WASHINGTON -- The U.S. and the European Union agreed to end a 17-year dispute over aircraft subsidies amid broader efforts to repair cracks left in the trans-Atlantic alliance by the Trump administration to counter an increasingly assertive China.

The truce, involving the suspension of tariffs, was announced at a meeting Tuesday between U.S. President Joe Biden met with European Commission President Ursula von der Leyen and European Council President Charles Michel in Brussels.

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