Diageo, Bacardi may be last winners from U.S.-U.K. thaw as TPA deadline looms — Panjiva
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Diageo, Bacardi may be last winners from U.S.-U.K. thaw as TPA deadline looms

Cons. Discr. - Apparel 497 Cons. Discr. - Autos 1183 Consumer Staples 762 Industrials - Aero/Defense 196 Tariffs 1797 Trade Deals 1000 U.S. 5321 United Kingdom 370

The U.S. and U.K. have signed an agreement to suspend their disputes regarding subsidies for Boeing and Airbus respectively. The structure is similar to that agreed with the EU and will reduce tariffs on U.S. imports of spirits from the U.K. U.S. seaborne imports of whisky and gin fell by 17.4% year over year in Q4’19 when the tariffs were first imposed but have recovered by 10.7% year over year in the three months to May 31. Imports linked to Diageo grew by 19.5% year over year while those linked to Bacardi fell by 45.9%. The Johnson administration’s desire for a full trade deal with th...

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