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March 29
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The US and the UK have agreed to a four-month suspension of retaliatory US tariffs on goods such as Scotch whiskey amid a lengthy dispute over aircraft subsidies, Reuters reported.

The US administration under former President Donald Trump has imposed tariffs on a range of food, wine, and spirits from the EU, including Scotch whiskey, which industry officials say threatens its future.

“The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization,” a joint statement said.

“This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”

“I am delighted to say that our American allies – under their new President and his hard-working staff at the U.S. Trade Representative - have embraced our move to seek a fair settlement,” said UK Commerce Secretary Elizabeth Truss.

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