Warren Buffett says Berkshire is reversing course on airlines In Shanghai, Tesla to build 4,000 Model 3s/week by mid-2020 Българка събира световни светила в инвестициите в oнлайн събитие China’s ‘rice bowls’ cracking as big home appliance maker speeds up job cuts Българският бизнес и бизнесът на ОАЕ се обединяват в борбата срещу коронавируса Prime Minister Boris Johnson tests positive US eyes new outbreaks as infections worldwide top 575,000 World Health Organization believes it’s too early to introduce STRICT quarantine in Russia, Kremlin agrees

Scotch whisky targeted by new US tariffs

      Published on Tuesday, 2 July , 2019      308 Views     
Scotch whisky targeted by new US tariffs

  • UK Business

The US has threatened to impose tariffs on European Union imports worth up to $4bn (£3.2bn), although it is not known when tariffs would be imposed.


| Bulgarian Business Club Sponsored Articles Network Advertise here

Whiskey from Ireland, cheeses including Parmesan and Gouda, pasta and olives are other items affected.

The US Trade Representative said it was “in response to harm caused by EU aircraft subsidies”.

In April, the US announced proposed tariffs on $11bn of EU goods.

The moves are part of a 15-year dispute at the World Trade Organization between the US and EU over subsidies given to plane-makers Airbus, from Europe, and the US’s Boeing.

The United States is the world’s largest export market for Scotch whisky by value – £1.04bn in 2018. By volume, it is the second largest, with 137 million 70cl bottles exported last year.

A spokesperson for the Scotch Whisky Association told the BBC: “Exports of Scotch whisky to the US have been zero tariff for 20 years, so it is disappointing that Scotch whisky has been drawn into this dispute.

“The Scotch whisky industry has consistently opposed the imposition of tariffs, which harms economies on both sides of the Atlantic which depend on trade for their continued prosperity.

“There is a close relationship between the US whiskies and Scotch whisky, not least due to the use of bourbon casks for maturation which generates around £70m for the US economy each year.

“We continue to urge the UK government, the EU and the US government to resolve this situation.”



Scotch whisky makes up 12% of the total whiskey market in the United States, with US whiskey accounting for 48%.

Keywords:
Category UK Business | 2019/07/02 latest update at 5:00 PM
Source : BBC | Photocredit : Google
309 Views
Comments Add comment

Popular articles



Bulgarian Business Club
Related Articles
The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.


Sponsored Publications