"Trump-Era Tariffs Caused Scotch Whisky Sales to the US to Plummet by Nearly $700 Million": https://robbreport.com/food-drink/s...s-drop-nearly-700-million-tariffs-1234594771/ excerpt: The tariffs are the result of a convoluted, long-running dispute over subsidies to European aircraft manufacturer Airbus and its US rival Boeing. Basically, in mid-2019, the EU imposed a 15 percent tariff on the import of Boeing planes to Europe. In retaliation, the Trump administration imposed tariffs on as much as $7.5 billion in European exports, including that precious Scotch whisky. While the effects of these tariffs are widespread, they have proven to be particularly detrimental to the whisky industry. Both large and small producers are losing sales and market share in the US, historically the industry’s biggest and most valuable market. The SWA’s chief executive Karen Betts described the current situation as “unsustainable” and said distillers were continuing to pay the price for a 17-year-long aerospace dispute that has “nothing to do with Scotch whisky.” The SWA is calling for the immediate suspension of tariffs, along with more support for the industry while it’s dealing with the ongoing Covid-19 pandemic. “The UK government must now act urgently and call for the immediate suspension of all tariffs on unrelated sectors and, at the same time, redouble efforts with the new US administration to resolve the aerospace dispute and lift tariffs permanently,” Betts said in a press release. more at the link
The Tariffs were a disaster and frankly were ignorant and dumb, the only one who pays the tariff are the consumers.....yep, us. Economics 101......ridiculously stupid. DD
I read that Trump gifted away more money to Farmers than the amount Obama bailed out the Auto industry. Tea Baggers were nothing more than racists while pretending to care about the national debt.
