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US to drop tariffs on UK exports including scotch

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richfool
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US to drop tariffs on UK exports including scotch

#392306

Postby richfool » March 4th, 2021, 2:41 pm

I am hoping this is the appropriate place to post this:
The White House has agreed to drop retaliatory US tariffs on UK exports including scotch whisky, raising hopes of a post-Brexit transatlantic trade deal.

In 2019, the then US president, Donald Trump, imposed a 25% tariff on a range of European Union exports, as part of a 16-year trade dispute over state support for aerospace rivals Boeing and Airbus.

Estimates released last month suggested the duty had led to a £500m dropoff in sales of Scottish single malt alone.

But the Department for International Trade (DIT) said on Thursday the Biden administration had ended the tariff. The move followed the UK scrapping punitive measures against Boeing in January.

https://uk.finance.yahoo.com/news/whisk ... 37334.html

Good news for the likes of Diageo.

vrdiver
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Re: US to drop tariffs on UK exports including scotch

#392311

Postby vrdiver » March 4th, 2021, 2:50 pm

Indeed, Diageo up 0.8% against a FTSE fall of 0.48%


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