Scotch whisky producers are celebrating after the US government announced it would suspend tariffs on various UK goods for four months.
Drinks producers will be forced to close their doors and lay off staff after the U.S. ramped up its tariff war with the EU, trade associations have warned.
US spirits industry applauds UK for suspending retaliatory tariffs
The US spirits industry has applauded the UK’s decision to suspend retaliatory tariffs on American rum, brandy and vodka once it leaves the EU on January 1.
Trade groups urge EU and US to end tariff war
Eighteen trade associations have joined forces to call for an immediate elimination of the retaliatory tariffs that the US and EU have imposed upon spirits, wine and beer.
The US government has announced that the existing 25% tariffs will remain on single malt Scotch for the foreseeable future.
American whiskey exports to EU have decreased by a third since the bloc imposed a 25% retaliatory tariff in June 2018.
Mexico and Canada drop US whiskey tariffs
Mexico and Canada have dropped their tariffs on American whiskey which were implemented in retaliation to president Donald Trump’s import tariffs last year.
WSTA chief wants Brexit no-deal tariff plans
The Wine and Spirit Trade Association is calling for clarity from the UK government on its post no deal tariff plans, warning that any no deal Brexit will see wine prices hit an all-time high.
Indian whisky
The market for whisky in India is huge, but local brands have the lion’s share due to the exorbitant import tariffs. Christian Davis reports
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