Tariff-hurt two-way street

While news here focuses on the problems caused by US tariffs on Scottish whisky, the hurt goes across the Pond as well, as a tit-for-tat exchange between the USA and EU looks set to continue.

The US whiskey industry still faces 25 percent duties, according to financial news Bloomberg, and are set to raise to 50 percent on 1 June.

This has hurt the largest of American producers such as Brown-Forman Corp, which owns Jack Daniels, Woodford Reserve bourbon and other highly recognisable brands, and is affecting smaller craft distillers as well.

The whiskey tariffs are the EU’s response to former President Donald Trump’s June 2018 steel and aluminum duties that are still in place. The UK, which came to its own reprieve in the aircraft-subsidy dispute with the US, has also kept the whiskey duties.

For Bloomberg’s full story, go here.

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