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

US Materials 13 August 2020 10:55 (UTC +04:00)
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
Scotch Whisky group disappointed with U.S. decision to retain tariffs

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, Trend reports with reference to Reuters.

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus 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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