Bye-Bye Scotch Tariffs

I give credit where credit is due, so I would like thank the Biden administration for suspending retaliatory tariffs against Britain on Scotch whisky. (New York Times)

The tariff suspension is expected to help several types of British exporters, especially the Scotch whisky industry. In October 2019,a 25 percent tariff was placed on Scotch whisky and exports to the United States have since dropped 35 percent, costing companies more than £500 million (about $700 million), the industry’s trade group said. Cashmere and Stilton cheese producers will also benefit, the government said.New York Times