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 toward a pair of separate but broadly aligned treaties — one between the United States and European Union, the original parties — and another between Washington and London following Britain's exit from the EU, the people said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.