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Scotch Whisky Tariffs Suspended For The Time Being By U.S.
Scotch Whisky Tariffs Suspended For The Time Being By U.S.
The ongoing trade dispute between the United States and the United Kingdom over large civilian aircraft has, for a number of months now, had Scotch whisky in the crosshairs as part of series of retaliatory tariffs between the two nations. Now, in a sign of potentially thawing the ice, the countries have agreed to suspend for the next four months said tariffs as they try to sort things out.
The UK initially took a step at the beginning of the year, ceasing to apply retaliatory tariffs in the dispute in order to “de-escalate the issue and create space for a negotiated settlement to the Airbus and Boeing disputes.” A joint statement released today from the international trade offices of the respective governments indicated the United States was now making a in-kind gesture back to one of its most important trading partners.