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"We move from litigation to cooperation", European Commission president Ursula von der Leyen said (Photo: consilium.europa.eu)

EU and US make peace on trade before Russia summit

The EU and US have ended their oldest trade war in a show of transatlantic unity one day before US president Joe Biden meets his Russian counterpart.

The 17-year old trade dispute over subsidies for rival aircraft makers Boeing and Airbus had seen billions of euros of punitive tariffs imposed on other products, such as tobacco and spirits.

But these will now be lifted for a provisional period of five years, while a special trade council will monitor compliance on state aid for t...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

"We move from litigation to cooperation", European Commission president Ursula von der Leyen said (Photo: consilium.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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