A deal between the UK and US means tariffs on goods such as Scotch whisky will be suspended for five years.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
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Graham Watson
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The US and the UK have agreed to suspend retaliatory tariffs on goods such as Scotch whisky, among other things, as they seek a resolution to the ongoing Boeing-Airbus dispute.
This is a good thing - it's estimated that the tariffs have cost the Scotch whisky industry nearly £600m in exports, with the US representing its largest export market.