The Chinese government has hinted at the imminent removal of punitive tariffs for the import of Australian wine which have cost the Australian wine industry around $1bn a year since 2020.
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A consortium of businesses has called upon the governments of the US and UK to remove all tariffs affecting the transatlantic whisky trade.
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The Bourbon Alliance has called on the UK Government to remove tariffs on American Whiskeys following news that the US and EU have agreed a deal.
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The Government is currently considering levying a 25% tariff on US wine imports reaching the UK. But there is another long-suffering category in American whiskey, which was left out of a recent revision and five-year suspension on tariffs for spirits travelling between the US and Britain. Greg Mefford, international sales director at spirits maker Luxco, looks at the implications for a popular category.
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The impact of the Chinese tariffs on Australian exports will not be immediately offset by other markets, the latest Australian Bulk Wine Market Update has said.
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The Wine and Spirit Trade Association (WSTA) has submitted a response to the government’s consultation on damaging US tariffs, calling for the swift removal of tariffs on US whiskies.
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The Bourbon Alliance has called on Prime Minister Boris Johnson and trade secretary Liz Truss MP to ‘free the spirit’ and remove tariffs.
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The reality of a Free Trade Agreement (FTA) between Australia and the UK has moved a step closer with the prime ministers of both countries confirming on Monday that a deal will be done, though with much detail still to be thrashed out.
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The Brussels-based CEEV (Comité Européen des Entreprises Vins) and Wine Institute of California have applauded a strong show of support for Translantic wine trade.
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Australian wine exports to the UK continued to rise in the last 12 months, with both value and volume in double-digit growth.
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Market sentiment towards Bordeaux is “showing signs of recovery” as this year’s En Primeur campaign swings around, according to the Liv-ex members’ Bordeaux report released today.
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The US has lifted tariffs on Scotch whisky for four months as leaders enter into negotiations to put a long-term solution in place.
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Rowena Curlewis, CEO of drinks design specialist Denomination, tells us why she thinks French wine brands could afford to up the ‘badass’ design stakes when marketing overseas.
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The impact of tariffs on Scotch whisky exports to the US is “unsustainable” as losses for the sector have hit £500m, according to the Scotch Whisky Association (SWA).
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The UK is to suspend existing EU-imposed import tariffs on a slew of US products as Brexit transition comes to an end on 1 January, with the hope that a reciprocal move will see harsh US duties on Scotch lifted.
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A group of over 200 MPs and other legislators from 19 countries have launched a campaign against China’s swingeing new tariffs on Australian wine.
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Wine and Spirit Trade Association (WSTA) chief executive Miles Beale has said that the UK is likely to get ‘something or nothing’ in terms of a trade deal over the coming week, while insisting that a ‘deal is still better than no deal at all’.
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The Scotch Whisky Association (SWA) has launched a campaign urging whisky lovers to write to their MPs underlining the damage that US tariffs are causing to the Scotch whisky industry and asking them to “urge the government to call time on tariffs”.
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Tariffs will remain in place on wines imported into the UK after the current Brexit transition period ends.
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Bordeaux’s share of trade fell to a record low last week with sales hit by Coronavirus and US tariffs uncertainty.
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