Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020
News Every Day |

Boris Johnson said the US should lift its 25% tariff on Scotch whisky

Boris Johnson
  • UK Prime Minister Boris Johnson spoke out against the 25% tariff on Scotch whisky exports to the US in Parliament, saying that "we will fight it every step of the way."
  • The US introduced the tariff in October 2019 in retaliation against subsidies that EU member states gave to Airbus.
  • The tariff has made Scotch whisky less competitive in the US, and caused sales to plummet, according the the Scotch Whisky Association. In May 2020, exports to the US were 65% lower than the same month last year.
  • Visit Business Insider's homepage for more stories.

The 25% tariff on Scotch whisky exports to the US should be lifted, British Prime Minister Boris Johnson said.

"We will continue to take a very robust line. It cannot be right that American consumers should continue to pay over the odds for Scotch (whisky)," he told Parliament on Wednesday.

"It cannot be right that this discrimination should continue and we will fight it every step of the way," the prime minister said.

He had already brought the matter up several times with President Donald Trump, he added.

The US introduced a 25% tariff on single malt Scotch whisky exports to the US in October 2019. It was introduced in retaliation against subsidies EU member states gave to aircraft maker Airbus.

In 2019, more than a fifth of the Scotch whisky industry's export revenue came from the US. This made the US the industry's biggest market with sales of over £1 billion ($1.3 billion), according to the Scotch Whisky Association (SWA), the industry's trade body.

But sales fell sharply after the tariff made it less competitive, the SWA said. Exports to the US dropped 30% from October 2019 to July 2020, causing losses of around £300 million ($386 million), which has been compounded by the pandemic, the SWA said.

In May 2020, exports to the US were 65% lower than the same month last year.

This could result in job losses, the SWA warned. The Scotch whisky industry employs more than 11,000 people in Scotland and its supply chain supports around 40,000 jobs in total in the UK, the trade body said. The tariff may also threaten US jobs in distribution, marketing, and hospitality.

"In these difficult times, trade disputes and tariffs are compounding the damage to businesses," Karen Betts, SWA chief executive, said. "Scotch whisky and American whiskey distillers, bars and restaurants need to find ways through the human and economic crisis brought on by COVID-19. Removing tariffs on whiskies would be very significant for us right now.

American whiskey distillers have also had a 25% tariff in place on their exports into the EU since June 2018. Their exports have since dropped by a third.

Read the original article on Business Insider

Read also

Coronavirus: UAE forms national committee for COVID-19 management

New York state trooper, 35, banished to Canadian border after dating Gov Cuomo’s daughter, 25, is buff tennis ace

Greece to shut most bars, restaurants in country for month from Tuesday

News, articles, comments, with a minute-by-minute update, now on — latest news 24/7. You can add your news instantly now — here