EU and US alcohol industry associations are welcoming the four month suspension of retaliatory tariffs related to the Airbus-Boeing dispute.
The alcohol industry has suffered collateral damage in a long-running dispute between the EU and US over aircraft subsidies: with several rounds of tariffs on unrelated goods – including alcohol – brought into force since 2019.
In October that year, the US imposed 25% tariffs on drinks such as French wine, Scotch and Irish whiskies; followed by the EU’s imposition of 25% tariffs on US alcohol such as rum, brandy, vodka and vermouth in November 2020; and US imposition on further EU goods such as Cognac in January 2021.