Britain, U.S. resolve Airbus-Boeing trade dispute

Britain and the United States announced they had agreed on resolving a tariff dispute over Airbus and Boeing on Thursday.

Both sides have agreed to suspend retaliatory tariffs for five years and cooperate more closely on tackling unfair trade practices by non-market economies, Britain's trade ministry said in a statement.

A similar deal was struck by the European Union and the U.S. earlier this week.

Source(s): Reuters