You’ve probably heard that the US has suspended tariffs on UK goods, including those imposed on Single Malt Whisky. In a tariff battle that has raged for years, and was sparked by the aviation industry, consumers were particularly dismayed when our beloved whisky was one of the categories caught up in the fracas. Not only were consumers impacted, paying higher prices than ever before for our water of life, but the Scotch whisky industry suffered over £500 million in losses since 2019. Small distillers were particularly hard hit when the 25% tariff was introduced. Karen Betts, head of the Scotch Whisky Association, said that during the 16 months of tariffs exports to the US (the biggest single-nation export market by value) fell by 35%. This easing of restrictions is slated to last four months, while both countries try to find an amendable, long term solution.
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