US President Donald Trump announced global import duties including 10 percent levy and 20 percent on all UK goods for imports from the European Union on 5 April.
One of the most aggressive protectionist measures in recent years, the move has expressed concern in many areas including Scotch whiskey growers. A spokesperson for the Scotch Whiskey Association (SWA) expressed disappointment on the possible impact on the industry.
The spokesperson said, “The industry is disappointed that Scotch whiskey may be affected by in tariffs. We welcome intensive efforts by the UK government to reach a deal with the US administration, and we continue to support this measured and practical approach to a mutually beneficial resolution.”
The SWA Scotch represents more than 90 companies in the whiskey region, from producers of global spirits to family -owned distillery, covers the majority of Scotch whiskey production. The industry has long been rely on international markets, with the US a major destination for exports.
The UK government is interacting with Washington to reduce the full effect of tariff. Trade Secretary Jonathan Reynolds has assured industries that the ministers remain “fully focused” on acquiring a deal to protect the British trade.
“We have many equipment at our disposal and we will not hesitate to work.”
He also said that the government is firm to maintain “balanced business relations” with the US.
Downing Street Source has suggested that Britain’s relatively low tariff rate compared to the European Union is a sign that conversations have progressed. “The difference between 10% and 20% is thousands of jobs,” he said.
Despite the ongoing discussions, Trump’s tariffs indicate a change towards hard trade policies, with Washington targeted countries as trading violations. The nations within China, India, Japan, and the European Union are also ready to face the Stapper Levi under the new regime.
