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
Walpole, the United Kingdom’s luxury trade lobby, was disappointed by the recent news of the U.S. Trade Representative (USTR) announcement that will see the continuation of retaliatory tariffs of 25 percent imposed on single-malt whisky, cashmere, wool, tailoring and bed linen products applied from Sept. 1.