advertisement
Forums

 

AAPL stock: Click Here

You are currently viewing the 'Friendly' Political Ranting forum
Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: Steve G.
Date: March 04, 2021 09:46PM
Rolling back the orange moron. "Trade wars are good, and easy to win"

US suspends tariffs on UK exports including scotch
[www.theguardian.com]
also cheese, cashmere, pork products...

The White House has agreed to suspend retaliatory US tariffs on UK exports including scotch whisky, raising hopes of improved relations as talks continue about a post-Brexit transatlantic trade deal.

In 2019, then US president Donald Trump imposed a 25% tariff on a range of EU exports, as part of a 16-year trade dispute over state support for aerospace rivals Boeing and Airbus.

Estimates released last month suggested the duty had led to a £500m dropoff in sales of Scottish single malt alone.

But the Department for International Trade (DIT) said on Thursday the Biden administration had suspended the tariff. The move followed the UK scrapping punitive measures against Boeing in January.

“The easier it is for Americans to buy a bottle of Macallan, Talisker or Glenfiddich, the more money those producers will have to invest in their businesses, their staff and futures,” said the trade minister Liz Truss.

“Today’s agreement shows that both the UK and the US are determined to work together to build back better and take our trading relationship to new heights.”

The rapprochement, which was first reported by the Spectator, will also result in tariffs being lifted on a range of goods, including £11m of cashmere, £38m of pork products and £45m of cheese, the DIT said.

“From scotch whisky distillers to stilton-makers, businesses across the UK will benefit from the US decision today to suspend tariffs in this dispute,” said Boris Johnson.

The government said it would continue to seek a “fair settlement” with the White House that removed all remaining punitive tariffs related to the dispute to boost the UK’s aerospace industry.

It added that officials on both sides of the Atlantic were working on an ambitious trade deal that could remove £500m of tariffs.

Business lobby group the Confederation of British Industry said it hoped the decision would pave the way for more cordial trade relations between the US and the post-Brexit UK.

“The duties on these goods were harming business and consumers on both sides of the Atlantic,” said director general Tony Danker.
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: steve...
Date: March 04, 2021 10:03PM





Northern California Coast
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: DeusxMac
Date: March 04, 2021 10:14PM
Splice the mainbrace
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: Ombligo
Date: March 05, 2021 07:37AM
The tariffs may be gone, but I'll wager that retail prices won't come down. That 25% will now be added profit for distributors



“No persons are more frequently wrong, than those who will not admit they are wrong.”
-- François de La Rochefoucauld

Growing older is mandatory. Growing up is optional.
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: pdq
Date: March 05, 2021 09:18AM
Quote
Ombligo
The tariffs may be gone, but I'll wager that retail prices won't come down. That 25% will now be added profit for distributors

I doubt it - they are competing against plenty of good American whiskeys.
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: pdq
Date: March 05, 2021 09:20AM
Didn’t Trump place the tariff because he was miffed that the Scots weren’t bowing to him and his plans at his Scottish golf course?
Options:  Reply • Quote
Re: Drink up! Biden suspends trumpo tariff against UK whisky and scotch
Posted by: rjmacs
Date: March 05, 2021 11:08AM
It's time to end the Boeing/Airbus war. Good for Biden for taking the first step.



rj
AKA
Vreemac, Moth of the Future
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 180
Record Number of Users: 186 on February 20, 2020
Record Number of Guests: 5122 on October 03, 2020