Scotch H1 exports reflect ‘uncertainty of future trading conditions’

Scotch whisky exports grew 10.8% to £2.19 billion (US$2.66bn) during the first half of 2019, however a trade body warns that the growth reflects “uncertainty in future trading conditions”. According to HMRC figures released by the Scotch Whisky Association (SWA), the volume of Scotch exports increased by 7.1% to 598 million 700ml bottles. Single malts “continue to grow in popularity”, up 18.8% to £652m (US$794m) during the period. The sub-category makes up 30% of the…

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US-EU tariff war could cost 78,000 American jobs

Up to 78,000 jobs in the American drinks and hospitality industries could be lost if alcoholic beverages, including spirits, are included in retaliatory tariffs between the US and EU. The latest proposed retaliatory tariffs are part of an on-going quarrel between the World Trade Organization (WTO) regarding civil aircraft subsidies. On 8 April, the United States Trade Representative (USTR) revealed a draft list of EU products that could be hit by retaliatory tariffs – including…

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Distilled Spirits Council receives $400k to mitigate tariffs impact

The Distilled Spirits Council has been granted an extra US$400,000 in funding to combat the effect of retaliatory tariffs, which are “severely threatening” the American spirits industry. The Distilled Spirits Council applied for the additional funding through USDA’s Agricultural Trade Program (ATP), which was established specifically to assist agricultural groups that have been “adversely impacted” by retaliatory tariffs. Since January 2019, the trade body has been awarded US$1.215 million. It was one of 48 recipients…

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Scotch whisky latest target of US tariffs

The Office of the US Trade Representative (USTR) has threatened to slap tariffs on Scotch and Irish whisk(e)y over the World Trade Organization’s dispute with the European Union regarding civil aircraft subsidies. The US has been locked in an ongoing disagreement with the World Trade Organization (WTO) due to civil aircraft subsidies. As a result, on 8 April the US drew up an initial list of EU products that could be hit by tariffs, worth…

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Trump threatens Tequila tariffs over illegal immigration

US president Donald Trump plans to impose a 5% tariff on all imported goods from Mexico – including Tequila and mezcal – in response to the “illegal migration crisis” at the US-Mexico border. In a statement posted on the White House website, Trump announced he was “invoking the authorities granted to me by the International Emergency Economic Powers Act” in order to “address the emergency at the southern border”. From 10 June, all goods imported…

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