Biden suspends Trump's 25 percent tariff on Scotch whisky, but U.K. tariffs on U.S. bourbon remain

Scotch
(Image credit: Mario Tama/Getty Images)

The U.S. and Britain agreed Thursday to a five-year suspension of 25 percent tariffs on certain goods imposed under former President Donald Trump as part of a long trade dispute over subsidies to Boeing and its European rival, Airbus. The Biden administration and the European Union resolved the aerospace dispute earlier this week, paving the way for the suspension of the 2019 retaliatory tariffs. For Britain, which was part of the EU in 2019 but isn't anymore, the highest-profile export hit in the trade war was single malt Scotch.

The 25 percent tariffs on Scotch led a 30 percent drop in exports to the U.S. in the 18 months through March 2021, the Scotch Whisky Association says. Thursday's deal "enables distillers to focus on recovering exports to our largest and most valuable export market," Karen Betts, the whisky association's CEO, tells The Associated Press.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.