Stéphane Séjourné, European commissioner for industrial strategy, has announced that tariffs against bourbon could be removed from the EU list of retaliatory tariffs against the US.
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Scotch whisky will be impacted by the latest round of tariff announcements from the US, which will see UK products heading stateside whacked with an additional 10% levy.
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The Bourbon Alliance and its members have welcomed the announcement of a resolution to a trade dispute, which resulted in destructive tariffs on American Whiskeys.
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Trade Secretary Liz Truss is considering introducing a 25% tariff on US wine imports as part of an ongoing trade conflict caused by Donald Trump imposing a 25% tariff on US steel imports in 2018.
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Wine tariffs introduced as part of a transatlantic dispute on aeronautics have provided something of a boost for Italy on the secondary market, with the value of the country’s top wines increasing by an average of 12.5% during 2019 on a leading UK platform.
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UK Prime Minister Boris Johnson has urged US President Donald Trump to lift tariffs on Scotch whisky.
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