Web5 Mar 2024 · The tariff on Single Malt Scotch Whisky exports to the US has been doing real damage to Scotch Whisky in the sixteen months it has been in place, with exports to the US falling by 35 percent, costing companies over half a billion pounds,” said SWA Chief Executive Karen Betts. “So today, everyone in our industry – from small companies to ... Web12 Feb 2024 · In 2024, exports of Scotch Whisky to the US fell by 32% to £729m, a loss of £340m compared to 2024, and accounting for around one third of total global export …
Web8 Oct 2024 · Scotch whisky exports to the US in 2024 were worth £1.04bn, of which single malt accounted for £344m, or 33%. Including blends, which are not (yet) subject to tariffs, … Web16 Nov 2024 · 1 Introduction 1.1 US Tariffs. In October 2024, the US government imposed a 25% tariff on single malt Scotch whisky (hereafter 'single malt') imports from the UK.Before this, no tariff was in place. The background to these tariffs is explained in Box 1 below. The tariff on single malt is imposed on the HTS commodity code 2208.30.30 (single malt Irish … tomislav babić facebook
2024 Scotch Whisky Exports - Scotch Whisky Association
Web18 Oct 2024 · Tariff 12:06 am. Effective October 18, 2024, the Office of the US Trade Representative (USTR) announced the imposition of tariffs on a wide variety of imported goods from European Union (EU) nations: 10% on large civil aircraft, and 25% on agricultural and other products, including single malt Scotch whisky and single malt whisky from … Web“However, the imposition of a 25% tariff on exports of Single Malt Scotch Whisky and Scotch Whisky Liqueurs to the United States is very concerning, and the 25% fall in exports to the US in the fourth quarter of 2024, immediately following the implementation of tariffs, is stark. Web53 bottles (70cl @40% ABV) of Scotch Whisky are shipped from Scotland to around 180 markets around the world each second, totalling over 1.6bn every year; Laid end to end those bottles would stretch about 467,000kms - that's more than 11 times around the Earth!; In 2024, Scotch Whisky exports were worth £6.2bn; In 2024, Scotch Whisky accounted for … tomira \u0026 galezard