Scotch Whisky Hit By US Tariffs Thanks To EU Airbus Subsidy

The US has responded to the EU’s WTO over-ruled move to illegally subsidise Airbus. In retaliation, the US will levy tariffs on $7.5 billion of goods it imports from the EU, notably including Scotch whiskey. Thanks to Brussels favouring Airbus Scotch will be hit with 25% tariffs, up from zero, in their largest market. The US accounts for over a fifth of total global Scotch exports. The whiskey industry wouldn’t be facing this damaging hit if the UK had already left the EU…

mdi-timer October 3 2019 @ 10:28 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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