Scotch whisky producers have raised a glass in celebration after tariffs on US exports were removed by President Joe Biden.
UK Trade Secretary Liz Truss announced the news distilleries had been waiting to hear yesterday.
A 25 percent tariff was imposed on US imports of Scotch whisky in October 2019 as part of a tit-for-tat trade war over subsidies to aerospace firms. Scotch exports were badly affected by US tariffs on £5.6billion of goods in retaliation for EU state support given to Airbus.
It had been speculated that Donald Trump would lift the tariff at the end of his presidency but a deal was never agreed.
Whisky bosses said yesterday’s move would give a massive boost to Scotland’s multi-billion pound industry.
This story is from the March 05, 2021 edition of Daily Record.
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This story is from the March 05, 2021 edition of Daily Record.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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