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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
Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
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)