The United States and the European Union (EU) have agreed a truce in their near 17-year conflict over aircraft subsidies, bringing to a close one set of Trump-era tariffs which had soured relations between them.

The two sides have been battling since 2004 in parallel cases at the World Trade Organization (WTO) over subsidies for U.S. plane maker Boeing and European rival Airbus.

They agreed in March to a four-month suspension of tariffs on $11.5 billion of goods from EU wine to U.S. tobacco and spirits, which they had imposed in response to the row. On Tuesday they said they would remove them for five years, while still working on an overall deal on what subsidies to allow.