Friday, June 18, 2021

A new deal with the USA

Yesterday, Britain struck a deal with the US on the Airbus-Boeing dispute which will mean cheaper exports for goods like Scottish whiskey, as we use the power of free trade to build back better across our Union.

  • Tariffs imposed by the 17-year dispute over aircraft manufacturing have been massively damaging for the cashmere, machinery, and single-malt Scotch whisky, which employ tens of thousands of people across the UK.
     
  • As a sovereign trading nation, we have been able to deescalate the dispute by unilaterally suspending tariffs on the US at the start of this year - which was crucial to reaching this deal to suspend damaging tariffs which affected British exports worth more than £500 million.
     
  • We can now focus on taking our trading relationship with the US to the next level, as we work together to use the power of free trade to build back better and level up opportunity across our Union.

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