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Trade truce as US suspends UK tariffs on whisky, wine and other goods

ABC News Turn on desktop notifications for breaking stories about interest? OffOn This is a small first step for the hard-hit restaurant industry. • 7 min read Catch up on the developing stories making headlines.John Keeble/Getty Images, FILE The United States has suspended its 25% tariffs on some United Kingdom exports including European wine, single malt Scotch whiskies, biscuits, clotted cream, and other goods. The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization, the U.S. Trade Representative said in a joint statement.

U S Government Pauses Tariffs on European Wines

U.S. Government Pauses Tariffs on European Wines The Biden administration has suspended the 25 percent duties while negotiations continue; wine merchants breathe big sigh of relief Katherine Tai speaks to U.S. senators during her confirmation hearing. One of her first acts as U.S. Trade Representative has been to suspend tariffs on European wine. (Tasos Katopodis/Getty) By Mar 5, 2021 The U.S. government has paused the tariffs on most French, Spanish and German wines, bringing economic relief to European winemakers, American merchants and wine consumers, at least for four months. The suspension, announced by the Office of the United States Trade Representative today, is intended to ratchet down tensions as the U.S. and European Union negotiate a solution to a long

From the just-drinks cellars - What happened in drinks on this day in …

Here s what made the drinks headlines on this day in recent years Wine tariffs are diverting European wine intended for the US to China, according to trade industry groups. The US Wine Trade Alliance and the National Association of Wine Retailers said last year that the wine category in the US is witnessing a direct transfer of the American-European wine trade to China because of ill-advised tariffs on wine. To many in the UK, the idea that the Californian beer beatniks at Lagunitas were behind the US relaunch in 2019 of Heineken s Newcastle Brown Ale was slightly incongruous. Long-known as Newky Brown or simply The Broon , the beer is associated by many Brits as a working class ale born in England s northern industrial heartlands. That the brand was entrusted to a brewery in northern California created a certain amount of cognitive dissonance.

New tariffs on European imports deliver another blow to restaurants

JESS LANDER The U.S. Trade Representative recently announced an expansion of tariffs on European wines, food and spirits, effectively delivering what could be a fatal blow to restaurants who are already struggling to keep their lights on during pandemic shutdowns and restrictions. The first round of tariffs implemented in 2019 on certain wines, foods and spirits from France, Germany, the U.K. and Spain was the Trump administration’s response to longstanding E.U. subsidies made to French aircraft company Airbus, putting Boeing at a disadvantage. This latest retaliation, which places tariffs on Cognac and Armagnac and expands the 25 percent tariff to include wines from France and Germany at 14 percent alcohol and above, was announced with little warning and went into effect on Jan. 12. The tariffs even apply to purchases made prior to Dec. 31 that have not yet reached the U.S., leaving businesses with an unexpected and expensive tab.

French wineries to get aid as new US tariffs bite

Decanter French wineries to get aid as new US tariffs bite More French and German wines have been hit with retaliatory US import tariffs this week, as France’s government promises fresh aid for winemakers and an alliance of American retailers and merchants looks to president-elect Joe Biden to solve the impasse. US trade officials pressed ahead with plans to impose a 25% import tariff on French and German still wines above 14% abv this week. Cognac and other grape-based spirits from France and Germany were also targeted, as part of an expansion of products targeted in the long-running US-EU trade dispute over aerospace industry subsidies.

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