Tuesday, 29 Sep 2020

Scotch Whisky group disappointed with U.S. decision to retain tariffs

LONDON (Reuters) – The Scotch Whisky Association has said a decision by the United States to maintain a 25% tariff on its goods was deeply disappointing and it urged London to do more to protect the industry.

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus (AIR.PA) aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.

“The tariff is inflicting huge damage on the Scotch Whisky sector, with exports to the U.S. down 30% since the tariff came into effect and the industry grappling with losses now totalling around 300 million pounds ($392 million),” Chief Executive Karen Betts said.

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