UK Drops Latest Tariffs on US Rum, Vodka and Brandy

Dear Client:   Good news on the tariffs front. Yesterday, the UK government decided it will suspend the recently announced retaliatory tariffs on US rum, brandy and vodka.  You may recall, the World Trade Organization gave the European Union the authorization to impose its own set of retaliatory tariffs on $4 billion worth of US goods as part of the 16-year-long dispute over aircraft subsidies between the US and the EU [see WSD 09-30-2020].  The WTO found fault with both