A mounting global trade war between the US and its three largest trading partners has reignited concern for businesses in markets such as the UK, as the Scotch whisky industry is still recovering from a £600m hole in its finances.
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In a massive boon for South Africa's quality-led growers, total exports of South African wine to the UK rose 20% by value and 12% in volume in 2021 according to the latest figures released by industry body SAWIS.
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The UK is to suspend existing EU-imposed import tariffs on a slew of US products as Brexit transition comes to an end on 1 January, with the hope that a reciprocal move will see harsh US duties on Scotch lifted.
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