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The European Union and the United States reached an understanding relating to large civil aircraft, agreeing to suspend application of tariffs worth USD 11.5 billion for a period of five years.
The European Union and the United States disputes on Large Civil Aircraft (LCA; also known as Airbus-Boeing Dispute) started in 2004, when the US filed a case at the WTO against the EU, arguing that the bloc was illegally subsidising the European Large Civil Aircraft (LCA) manufacturer Airbus. The EU also filed a complaint against the US in May 2005, for its unlawful support to Boeing.
Following WTO decisions, both the US (in October 2019) and the EU (in November 2020) imposed punitive tariffs on each other's exports, affecting in total a value of 11.5 billion dollars of trade between the two sides. As a result, EU and US businesses have had to pay over 3.3 billion dollars in duties.
June 15, 2021/ European Commission/ European Union.
https://ec.europa.eu/
