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Finance

China agrees to halve tariffs on UK whisky after Xi-Starmer talks

Published by Global Banking and Finance Review

Posted on January 29, 2026

1 min read

Last updated: January 29, 2026

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Impact of Tariff Reduction on UK Whisky

LONDON, Jan 29 (Reuters) – China will reduce its tariffs on Scotch whisky to 5% from 10% following talks between Prime Minister Keir Starmer and Chinese President Xi Jinping, a spokesperson for the British premier said on Thursday.

Financial Implications for Exporters

The reduction is expected to be worth 250 million pounds ($345.35 million) over five years for UK whisky exporters, the spokesperson added.

Political Context of the Agreement

($1 = 0.7239 pounds)

(Reporting by Andrew MacAskill in Beijing and Muvija M in London, Editing by Kate Holton)