U.S., EU ink framework on tariffs, set up working group in aircraft dispute

The U.S. and European Union on Tuesday agreed to a framework that would suspend for five years all tariffs levied due to the near 20-year-old Boeing-Airbus disputes, establish a trans-Atlantic working group on aircraft, improve subsidy transparency and provide a platform to cooperate on a joint approach to the threat from China’s subsidized aircraft sector. President Biden met with European Commission President Ursula von der Leyen and European Council President Charles Michel for a U.S.-EU summit on Tuesday. He was...