Source: Fortune.com
Summary
U.S. President Donald Trump announced at the Irish Open golf tournament that he plans to remove a 10% tariff on Irish whiskey. He said he was pressured by golfers and others to take the action. The tariff was part of a broader EU import tax that was reduced from 15% to 10% in July. Trump previously lifted tariffs on U.K. whiskey in May. The Irish Whiskey Association had urged the removal of the tariffs to reduce uncertainty for U.S. companies. Details on when the change would take effect were not immediately available.
Our Reading
The announcement sounds familiar.
Trump says he’s responding to pressure from golfers and others.
Tariffs on Irish whiskey were part of a larger EU tax.
He previously cut tariffs on U.K. whiskey after a royal visit.
Businesses and officials hope for clarity and stability.
Author: Evan Null
