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April 18, 2021
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Government

British luxury producers relieved over aerospace tariff suspension

March 4, 2021

U.K. luxury has been caught in a spat between the United States and the European Union over subsidies to Airbus that the U.S. says discriminates against its own aero giant champion Boeing. As a retaliation, the U.S. has imposed tariffs on key U.K. products such as cashmere, tailoring, bed linen, single-malt whisky and wool. Image credit: Walpole The U.S. has lifted tariffs on multiple British luxury industries. Image credit: Walpole

 

By Luxury Daily News Service

Walpole and other luxury British brands are welcoming the joint announcement from the United States and United Kingdom that the U.S. will suspend a 25 percent retaliatory tariff imposed on single-malt whiskey, cashmere, wool, tailoring and bed linen products.

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  1. Next generation EV hint at future of progressive luxury
  2. Dior appeals to product-conscious consumers with sustainable skincare
  3. British luxury brands continue making sustainable strides: Walpole
  4. Gucci is 2019 Luxury Marketer of the Year
  5. Guerlain captures spring scents in handcrafted collaboration
  6. Gucci spreads friendly greeting for upcoming capsule collection
  7. Longchamp explores the savoir faire of Le Pliage Filet
  8. Splurge, not save: The changing dynamics of the Indian luxury consumer
  9. LVMH, supporting young talent, tops list of attractive employers
  10. Salvatore Ferragamo, Bentley, Rolls-Royce and $25K NFT hoodie
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