Yet people keep telling me that an FTA is just around the corner…
> The US dropped the Trump-era tariffs on steel and aluminium imported from the EU in October, however US President Joe Biden continues to impose tariffs on UK exports.
Ah, the benefits of Brexit!
I laugh at the UK everyday
Edit: The salty Brits replying are just making it even funnier, keep crying
Sounds fair. I’m surprised we’ve waited this long.
Boris Island Logic: Entering into a trade war with the US is preferable to implementing our obligations in Northern Ireland.
>Trade minister Anne-Marie Trevelyan told US representatives that London is prepared to increase existing retaliatory duties on high-profile US goods including whiskey, cosmetics and clothing the FT first reported.
I guess maybe whiskey’s branding is a big deal, so it’s not as if one product is a perfect substitute for another, but isn’t the UK a net *exporter* of whiskey?
>In 2020, the United States was the biggest supplier of Whiskey imported into the United Kingdom. Imports from the U.S. came to over 74 million British pounds.
>In 2020, exports of Scotch Whisky to the US fell by 32% to £729m, a loss of £340m compared to 2019, and accounting for around one third of total global export losses.
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Yet people keep telling me that an FTA is just around the corner…
> The US dropped the Trump-era tariffs on steel and aluminium imported from the EU in October, however US President Joe Biden continues to impose tariffs on UK exports.
Ah, the benefits of Brexit!
I laugh at the UK everyday
Edit: The salty Brits replying are just making it even funnier, keep crying
Sounds fair. I’m surprised we’ve waited this long.
Boris Island Logic: Entering into a trade war with the US is preferable to implementing our obligations in Northern Ireland.
>Trade minister Anne-Marie Trevelyan told US representatives that London is prepared to increase existing retaliatory duties on high-profile US goods including whiskey, cosmetics and clothing the FT first reported.
I guess maybe whiskey’s branding is a big deal, so it’s not as if one product is a perfect substitute for another, but isn’t the UK a net *exporter* of whiskey?
https://www.statista.com/statistics/305178/uk-whisky-imports-leading-5-countries-by-value/
>In 2020, the United States was the biggest supplier of Whiskey imported into the United Kingdom. Imports from the U.S. came to over 74 million British pounds.
https://www.scotch-whisky.org.uk/newsroom/2020-scotch-whisky-exports/
>In 2020, exports of Scotch Whisky to the US fell by 32% to £729m, a loss of £340m compared to 2019, and accounting for around one third of total global export losses.
https://www.scotch-whisky.org.uk/insights/international-trade/
>Scotch Whisky is the world’s number one internationally traded spirit with exports worth almost £4bn annually.
I mean, it seems kind of like Saudi Arabia threatening to restrict crude oil imports or something.
Imagine being part of a large regional bloc of 28 small countries that together can take on the might of economies like the US or China.
Oh, wait….