US, EU agree reach deal to end 17-year aircraft trade dispute

President Biden and European Union (EU) leaders reached an agreement Tuesday to end the 17-year trade dispute over subsidies to Boeing and Airbus, officials said.

The development, which was announced as Biden participated in a U.S.-EU summit in Brussels as part of his first trip overseas as president, is likely to improve relations between the U.S. and Europe at a time when they are collectively trying to counter China’s rise.