According to whisky industry expert Mark Littler, Scotch producers are more concerned about potential global trade wars than the current 10% tariff imposed on exports. The situation is exacerbated by economic pressures on consumer spending, particularly in the Asia-Pacific region, which is vital for Scotch exports. Littler notes that smaller producers dependent on the U.S. market will face challenges, yet the industry has previously navigated similar situations. The broader economic uncertainty stemming from tariffs on Asian markets poses the most serious concern for Scotch’s profitability and market stability.
Whisky industry expert Mark Littler warns that the main threat for Scotch producers is not the 10% tariff, but potentially more severe global trade tensions.
Littler emphasizes that while a 10% tariff poses challenges, the overall impact of trade tensions in Asia could lead to greater and more enduring issues for Scotch exports.
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