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Scottish Whisky Producers hit by falling demand and tariff threats
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Scottish Whisky Producers hit by falling demand and tariff threats
Scotch whisky makers are facing a downturn as global market conditions become tougher, according to a report by the BBC. Export tariffs, rising costs, and weakening demand in key markets are all hitting the industry. One of the biggest threats comes from the possible return of US tariffs on single malt whiskies. These taxes, first introduced under Donald Trump’s previous administration, could add up to 25% to import costs when they come back nex…
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