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US to suspend retaliatory tariffs on UK luxury for four months

A joint announcement from the new US administration and the UK Government on Thursday said the US will suspend retaliatory tariffs on British luxury for four months. This will temporarily halt the 25 percent tax hike on items like cashmere, wool, tailoring, bed linen and single-malt whisky. Walpole, the UK trade body representing British luxury...

Mar 5, 2021