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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.
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. ....

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What's Behind UK-US 'Mini Trade Deal' & Will It Pave the Way to Broader Free Trade Agreement?


What s Behind UK-US Mini Trade Deal & Will It Pave the Way to Broader Free Trade Agreement?
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Sputnik International
https://sputniknews.com/uk/202012171081494297-whats-behind-uk-us-mini-trade-deal will-it-pave-the-way-to-broader-free-trade-agreement/
The mini-deal that is reportedly being considered by the Johnson government and Trump administration is mostly of a symbolic nature, say British economists, outlining what benefits No 10 could reap from the trade manoeuvre.
On Wednesday, US Trade Representative Robert Lighthizer told the BBC that the US and UK are mulling over a mini-deal envisaging a reduction in US punitive tariffs on Scottish whisky and cashmere in response to London s decision to drop tariffs against Washington over subsidies for Boeing. ....

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