Dinnae fash, because Scotch whisky is about to get cheaper Lillian Stone
Go ahead take a whiff.
The Trump administration’s hawkish trade policy walloped the food and beverage industry, leading to high tariffs on a host of luxury goods. Last June,
Fortune reported that the dispute had cost the American whiskey industry as much as $300 million so recent news on the whiskey/whisky front is especially welcome. Late last week,
Food & Wine reported that the U.S. would temporarily suspend retaliatory tariffs on several European products, including everyone’s favorite Scotch sipper.
The New York Times explains that the deal would suspend a 25% tariff imposed by Europe on American rum, brandy and vodka, in addition to a 25% tariff the U.S. imposed on liqueurs and cordials from Germany, Ireland, Italy and Spain, as well as cognacs and other grape brandies from France and Germany. Finally, the U.S. declared it would temporarily suspend tariffs levied against the Uni