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Europe-U.S. nearing jet subsidy pact under China’s shadow

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By Andrea Shalal, Philip Blenkinsop and Tim Hepher (Reuters) – The United States and Europe are closing in on a deal to end a 17-year-old dispute over aircraft subsidies and end tariffs, while seeking an elusive consensus on how to address competition from China, people familiar with the matter said on Monday. A deal would lift the threat of a renewed trade war between the two sides that has already spilled over to industries from farming to luxury goods and tarnished transatlantic relations. Talks are converging towards a pair of separate but broadly aligned treaties – one between the United …

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