Trump Administration Slaps 25% Tariff On Single Malt Scotch Whisky Imports
"The US government announced yesterday a 25% tariff on all single malt Scotch whisky imports, as part of a wider set of tariffs aiming to punish the European Union."
"So why is this happening? It all has to do with planes, rather than the tariffs that the E.U. had placed on Bourbon in 2018 (which in turn were initially placed because of U.S. tariffs on E.U. tariffs). This latest round is the result of a dispute that originally began in 2004, when the U.S. complained to the World Trade Organization about the subsidies the E.U. was providing to Airbus for the development of its A380 and A350 planes, to the detriment of Boeing. The case has been rolling ever since, and has now escalated following a WTO ruling issued yesterday as global trade wars between the Trump administration and the rest of the world heat up. "
"The US government announced yesterday a 25% tariff on all single malt Scotch whisky imports, as part of a wider set of tariffs aiming to punish the European Union."
"So why is this happening? It all has to do with planes, rather than the tariffs that the E.U. had placed on Bourbon in 2018 (which in turn were initially placed because of U.S. tariffs on E.U. tariffs). This latest round is the result of a dispute that originally began in 2004, when the U.S. complained to the World Trade Organization about the subsidies the E.U. was providing to Airbus for the development of its A380 and A350 planes, to the detriment of Boeing. The case has been rolling ever since, and has now escalated following a WTO ruling issued yesterday as global trade wars between the Trump administration and the rest of the world heat up. "
