U.S., UK reach their own accord on aircraft subsidies

The U.S. and the United Kingdom have agreed to a five-year moratorium on retaliatory tariffs for large civil aircraft subsidies in an accord designed to “finally” put longstanding disputes to rest, U.S. Trade Representative Katherine Tai said on Thursday. The agreement is identical to one struck earlier this week between the U.S. and the European Union . The World Trade Organization has granted the U.S. and the EU the right to impose tariffs on each other in retaliation for subsidies...