The Scotch whisky industry has welcomed a deal between the UK and US governments that has seen damaging tariffs, imposed by the Trump administration in 2019, suspended for four months. The 25% tariff fell under a range of European products targeted as part of a historical row over government subsidies given to European aerospace firm Airbus and to US plane-maker Boeing. Just last month, the Scotch whisky sector said the penalty applied to single malt, in a dispute not of its making, had accounted for more than £500m of export losses . The suspension of the US tariffs, which also cover some other UK-made products including cheese, allows time for a permanent agreement to be reached following the UK’s unilateral decision at the end of the Brexit transition period to lift retaliatory tariffs imposed by the EU on some US goods. A joint statement said: “The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organisation. Advertisement “This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing… Read full this story
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