Trade body for Scotland's whisky industry
Trump has announced the removal of a 10% tariff on Irish whiskey following requests from Shane Lowry, Ireland’s prime minister, and other Irish officials. The move comes as part of a broader revision of tariffs on European spirits. Details on timing are still being clarified.
A debate over England's new geographic indication status for whisky has sparked cross-border disputes among industry groups. English distillers argue the new rules allow site flexibility, while Scottish producers warn the change could damage the single-malt reputation. The government has defended the policy as a national development.
The whisky market shows green shoots as global exports grow for bottled single malts in early 2026. Analysts note aging casks offer value, with older stock becoming more accessible and age-structured pricing shaping investments. Buyers increasingly view casks as tangible assets and seek guidance from distilleries and brokers to navigate the market.
The government has announced an inflation-linked rise in spirits duty, pushing the average bottle’s tax share to 74%. Industry groups warn the measure will stall investment and hurt jobs, while SNP MPs promise to fight the plan in Parliament.