Chinanews, June 16th, a comprehensive report, on the 15th, US President Biden met with EU leaders and the two sides agreed to "truce" over the dispute over aircraft subsidies between Boeing and Airbus.

The President of the European Commission von der Lein said that this ended the 17-year dispute and opened a new chapter in the relationship between the two sides.

　　On the 15th, Biden held a meeting with Von der Lein and European Council President Michele in Brussels to discuss a series of issues such as trade and the new crown pandemic.

Biden hopes to take this opportunity to repair the transatlantic relations that were damaged during the Trump era.

　　It is reported that the two sides agreed that they will not impose retaliatory tariffs on each other's products in the next five years.

These tariffs are retaliatory actions taken by the two parties around the aircraft subsidy dispute.

　　A senior official from the Office of the United States Trade Representative (USTR) said that the United States and the European Union have agreed to be transparent about future government funding of any aircraft projects, and that funding conditions should be similar to private lending institutions’ market conditions.

"In order for this to work, you need to share frank information, and it needs to be implemented at the beginning," an official said.

　　The White House described in the statement that the truce between the United States and the European Union over the trade dispute between Boeing and Airbus is a huge breakthrough.

Von der Lein also welcomed this progress.

"This conference has made a breakthrough on the issue of aircraft from the beginning. This really opens a new chapter in the relationship between the two parties, because we shifted from litigation to cooperation on the issue of aircraft-ending the 17-year dispute," Von der Lein said.

　　In addition, this summit also marked the United States and Europe to work together in tackling climate change. The two sides plan to establish a transatlantic alliance to develop green technologies and list sustainable finance as an area that can strengthen transatlantic cooperation.

　　The two sides also stated that they will "intensify their efforts" to realize the long-delayed promise of developed countries, namely to provide 100 billion US dollars a year to help poor countries reduce carbon emissions and cope with global warming.

However, the summit did not set a specific deadline for stopping the use of coal.