Airbus And Boeing Have A Common Rival: China
While the United States (US) and Europe waged a 17-year trade battle over subsidies to Boeing and Airbus, China poured money into its own commercial aircraft to take on the Western aviation duopoly.It took a common threat for the US and Europe to finally put an end to their dispute this past week, as the two sides signed a five-year truce suspending tit-for-tat tariffs.US President Joe Biden made it clear during his visit to Brussels on Tuesday: Washington and Brussels must "work togethe