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Dec. 24, 2024
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Government

British luxury producers relieved over aerospace tariff suspension

March 4, 2021

U.K. luxury has been caught in a spat between the United States and the European Union over subsidies to Airbus that the U.S. says discriminates against its own aero giant champion Boeing. As a retaliation, the U.S. has imposed tariffs on key U.K. products such as cashmere, tailoring, bed linen, single-malt whisky and wool. Image credit: Walpole The U.S. has lifted tariffs on multiple British luxury industries. Image credit: Walpole

 

By Luxury Daily News Service

Walpole and other luxury British brands are welcoming the joint announcement from the United States and United Kingdom that the U.S. will suspend a 25 percent retaliatory tariff imposed on single-malt whiskey, cashmere, wool, tailoring and bed linen products.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
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  3. Luxury Unfiltered: Reclaiming luxury leadership when client expectations shift
  4. Rolex partners with Melbourne’s National Gallery of Victoria
  5. Tiffany & Co. acquires historic Titanic timepiece at auction
  6. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
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