Home › Forums › Exchange Brokers Discussion › Scotch whiskey tariffs suspended in UK-US trade deal
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06/18/2021 at 2:57 AM #474932
The Scotch whiskey industry welcomed the slotxo suspension of tariffs on its products after the UK and US. It has resolved a longstanding trade dispute over subsidies awarded to Airbus and Boeing.The agreement will see the retaliatory tariffs imposed during the dispute. Still suspended for five years
Those trade barriers are expected to lose the Scotch whiskey industry more than 600 million pounds in exports.The industry said it would now try to build exports to its biggest markets.The deal between the United Kingdom and the United States comes two days after the European Union agreed an armistice with the United States. To end a 17-year conflict over plane subsidies
The Scotch whiskey industry has been hit with a 25 percent tariff on single malts by the administration of former US President Donald Trump after both countries imposed tariffs on trade rows.Other UK industries, including cashmere and construction vehicles, were also affected.Karen Betts, chief executive of the Scotch Whiskey Association (SWA), said the deal was “Great news for Scotch Whiskey” after two years. “Damage a lot.”
What is important now is that both governments and aerospace companies are committed to their commitments and working together constructively,” Bette said.Ms Betts said the SWA hopes that the tax on US whiskey will enter the UK and EU As a result of separate disputes over steel and aluminum will “Fast fixes”Walpole Chief Executive Helen Brocklebank, which represents Alexander McQueen, Claridge’s and Harrods, said they were looking forward to the deal.
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