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Arthur T Knackerbracket has found the following story:
Single malt Scotch whisky exported to the United States is to face a tariff of 25% from 18 October.
The new duty is part of a raft of measures being imposed by the US in retaliation against EU subsidies given to aircraft maker Airbus.
Scotch exports to the US last year were worth $1.3bn (£1bn), with single malts accounting for a large share of that.
The US was given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU following a World Trade Organisation (WTO) ruling on Wednesday.
It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for planemakers Airbus and rival Boeing.
The ruling by the WTO will mean tariffs on EU goods ranging from aircraft to agricultural products.
Brussels has threatened to retaliate similarly against US goods.
[...] The US had sought to impose tariffs on about $11bn in goods. Though the WTO cut that figure to $7.5bn, Wednesday's decision still marks the largest penalty of its kind in the organisation's history.
The WTO's dispute settlement body must formally adopt the ruling but is not expected to overturn the decision.
"Whisky" or "Whiskey"? From Wikipedia: Names and Spellings:
The spelling whiskey is common in Ireland and the United States, while whisky is used in all other whisky-producing countries.[5] In the US, the usage has not always been consistent. [...]Since the 1960s, American writers have increasingly used whiskey as the accepted spelling for aged grain spirits made in the US and whisky for aged grain spirits made outside the US.[7] However, some prominent American brands, such as George Dickel, Maker's Mark, and Old Forester (all made by different companies), use the whisky spelling on their labels, and the Standards of Identity for Distilled Spirits, the legal regulations for spirit in the US, also use the whisky spelling throughout.[8]
Whisky made in Scotland is known as Scotch whisky, or simply as "Scotch" (especially in North America).
(Score: 1) by fustakrakich on Sunday October 06 2019, @11:48PM (1 child)
And so fell the republic into tyranny [history.com]
La politica e i criminali sono la stessa cosa..
(Score: 1, Funny) by Anonymous Coward on Monday October 07 2019, @12:14AM
This will not go well.
(Score: 3, Interesting) by takyon on Monday October 07 2019, @12:14AM (6 children)
Why aren't we talking about the ACTUAL problems occurring in front of our faces?
Fuck this whiskay story!
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 4, Touché) by DaTrueDave on Monday October 07 2019, @12:49AM (5 children)
What do you want to discuss that isn't already being discussed?
Wars have been started over taxes on liquor. Countries have been divided and new countries created over alcohol.
I wouldn't be so quick to dismiss this as trivia.
(Score: 4, Funny) by takyon on Monday October 07 2019, @12:55AM (4 children)
There's only ONE topic that matters right now. Just. One. Every single article and journal on the front page should address this topic.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: -1, Troll) by Anonymous Coward on Monday October 07 2019, @01:06AM
The editors are adding a new heading choice for submitted stories... "It's Trumps fault"
That should cover everything under the sun, and the parts that are 'where the sun don't shine'
(Score: 2, Funny) by RandomFactor on Monday October 07 2019, @01:06AM
And half a million Atlantans screamed in terror (but were suddenly silenced because they are on Facebook and Twitter.)
Please keep all politicians away. The Peach state roads can't take their visits.
В «Правде» нет известий, в «Известиях» нет правды
(Score: 0, Disagree) by Anonymous Coward on Monday October 07 2019, @01:19AM (1 child)
> Every single article and journal...
Do you really want to drive me way from SN? I am AC, hear me roar!!
All this 'Peachment stuff is well above my pay grade, whatever happens before the next election is completely out of my hands. So why worry about it.
(Score: 1, Informative) by Anonymous Coward on Monday October 07 2019, @03:05AM
Anyone who isn't obsessed with the latest meaningless political sideshow is a clowncel.
Favorable vs. unfavorable: Darth Pence [realclearpolitics.com] at -6.6 and the Clowncel in Chief [realclearpolitics.com] at -13.3.
(Score: 4, Insightful) by Anonymous Coward on Monday October 07 2019, @12:16AM (4 children)
Since this WTO ruling is in their favor, of course they'll act on it immediatly.
But when the WTO ruled against the US and in favor of Canada during the softwood lumber dispute, three consecutive times, in all cases they simply ignored the ruling and kept imposing illegal tarifs on canadian lumber imports.
So yeah, the US' signature isn't worth the paper it's written on.
(Score: 2, Informative) by fustakrakich on Monday October 07 2019, @01:27AM (2 children)
Mobsters run the world. Who's gonna stop 'em?
La politica e i criminali sono la stessa cosa..
(Score: 2) by c0lo on Monday October 07 2019, @01:33AM (1 child)
I would bet on the Triads.
Tariffs already hit their bottom line.
https://www.youtube.com/watch?v=aoFiw2jMy-0
(Score: 1) by fustakrakich on Monday October 07 2019, @01:54AM
Should we start a dead pool? The names will be kind of obscure though. These people aren't the regular red noses that stand in front of the cameras for our entertainment.
La politica e i criminali sono la stessa cosa..
(Score: 1, Informative) by Anonymous Coward on Monday October 07 2019, @02:04PM
And other countries don't behave exactly the same way?
Fuck you, your unrepresentative world government, and the horse you both rode in on.
(Score: 0, Funny) by Anonymous Coward on Monday October 07 2019, @12:55AM (2 children)
Jack Daniel's. That cow piss from the EU is Meister Brau rejects.
(Score: 3, Informative) by takyon on Monday October 07 2019, @01:21AM (1 child)
Quinoa and Other Grains Used in Whiskey [soylentnews.org]
Endless West Wants to Make Artificial Whiskey — But Who Will Drink It? [soylentnews.org]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 3, Funny) by Anonymous Coward on Monday October 07 2019, @01:37AM
No true Scotsman ...
(Score: 2) by sjames on Monday October 07 2019, @03:12AM (2 children)
That is all.
(Score: 1, Touché) by Anonymous Coward on Monday October 07 2019, @03:49AM (1 child)
Alfa Lima Lima. Yankee Oscar Uniform Rome. Whiskey. Bravo Echo Lima Oscar November Golf. Tango Oscar. Echo. Foxtrot.
(Score: 0) by Anonymous Coward on Monday October 07 2019, @05:01PM
Alpha Mike Foxtrot
(Score: 2) by captain normal on Monday October 07 2019, @04:28AM
Damn it...now I've only got 12 days to round up enough money to put in enough Scotch to last for the next year and a half till Trump is run out of office.
"It is easier to fool someone than it is to convince them that they have been fooled" Mark Twain
(Score: 4, Touché) by Runaway1956 on Monday October 07 2019, @04:53AM
EU subsidies of EU aviation? That's just so wrong, on so many levels. I mean, it's not like the US subsidizes every damned aviation company in the US, is it? Washington would dream of subsidizing a vast war machine, would they?
The amusing part of that whole story? Trump doesn't have stock in the war machine, does he? Trump probably doesn't really care about subsidies to aircraft manufacturing. In this case, Trump is most likely just a useful tool, being used by the Military Industrial Complex. Does The Donald really understand who is pushing the buttons behind the scenes? Funny that the left isn't attacking him full out over this.
But, oh, wait. The left is invested in the MIC just as heavily as the right is. The good congress critters from the Left Coast have a helluva lot of jobs, taxes, and subsidies to protect here!
Abortion is the number one killed of children in the United States.
(Score: 2) by shortscreen on Monday October 07 2019, @04:56AM
Now that Boeing has been grounded (and sent to its room to write an apology) by regulators, Airbus probably doesn't even need subsidies.
(Score: 3, Informative) by jb on Monday October 07 2019, @06:49AM (3 children)
Scotch whisky, by definition, is made in Scotland.
Scotland is part of Great Britain.
The tariff on Scotch whisky from the EU begins on 18 October.
The Brexit deadline is 31 October, after which presumably GB will no longer be a member of the EU. TFS says the tariff applies where origin in EU. It does not say anything about there being tariffs where origin is GB (once GB is no longer in the EU).
So these tariffs will be effective for one fortnight.
Seriously, do Yanks really drink so much Scotch that they can't just stock up for a fortnight, then return to normal purchasing patterns from 1 November?
(Score: 2, Funny) by Anonymous Coward on Monday October 07 2019, @09:47AM
Would you like Trump as your PM? How much would you drink?
(Score: 2) by isostatic on Monday October 07 2019, @10:22AM
The UK is not leaving on 31st October.
If and when the UK does leave, assuming Airbus finds a way to continue manufacturing in the UK, Trump will simply invoke tarrifs on the UK as well.
Maybe the EU should be subsidizing airbus by buying planes that don't work at extortionate prices from them.
(Score: 2) by c0lo on Monday October 07 2019, @12:33PM
BTW: the Scotch, made in Scotland [whiskyinvestdirect.com], is half or thereabouts (by capacity) owned by the French [wikipedia.org].
For now.
Wanna bet on how long 'til a Scotland [mercopress.com] independence [bbc.com] referendum [scotsman.com] makes whisky European again? (#MWEA)
https://www.youtube.com/watch?v=aoFiw2jMy-0
(Score: 2) by SemperOSS on Monday October 07 2019, @06:54AM
And here, as I thought Brexit was all doom and gloom, it seems that some good may come of it after all.
The scenario after Brexit: no free movement of goods and workers, no free movement means no Airbus production in the UK, no Airbus in the UK means no subsidies, no subsidies means no tariffs, no tariffs means more Americans intoxicated with precious single malts from Scotland.
Well, at least until Scotland secedes from the UK and re-enters the EU.
I don't need a signature to draw attention to myself.
Maybe I should add a sarcasm warning now and again?
(Score: 0) by Anonymous Coward on Monday October 07 2019, @11:32AM (3 children)
I would like to see some tariff applied to movies and tv shows. 25% on cinema tickets or Netflix or any other stream. That can be very amusing.
(Score: 0) by Anonymous Coward on Monday October 07 2019, @04:11PM (1 child)
EU can impose a 25% tariff on American "beer".
(Score: 3, Insightful) by etherscythe on Monday October 07 2019, @05:04PM
What would be the point? They don't buy any of it.
"Fake News: anything reported outside of my own personally chosen echo chamber"
(Score: 2) by etherscythe on Monday October 07 2019, @05:07PM
That would be fun to watch, if it's not prohibited by treaty already. Good luck untangling the Hollywood accounting to stick it where the studios would actually feel the bite, though. Taxing a shell company that will just go bankrupt with no funds to seize won't be terribly effective.
"Fake News: anything reported outside of my own personally chosen echo chamber"
(Score: 0) by Anonymous Coward on Monday October 07 2019, @05:07PM
The President said so, so it must be true.
Though I do wonder what I will drink with Boesky [theinfosphere.org], though I can still have cookies with Milken!
(Score: 2) by Sourcery42 on Monday October 07 2019, @05:27PM
So my 1.75 L of Cutty Sark is ok, right?
(Score: 0) by Anonymous Coward on Tuesday October 08 2019, @01:19AM
Better and abundant moonshine for everyone.