Tariffs
We waited with bated breath as the final details of the UK’s Brexit deal were agreed in December and were pleased to learn that there will be no tariffs due on the importation of French brandies to the UK from 1 January 2021. Adjustments will need to be made by all, to embed the paperwork now required, but that’s to be expected with such an upheaval. In the US however, the situation is not so rosy as although it is hoped that the tariff on scotch whisky will be lifted, an EU retaliatory 25% tariff has been placed on imports of cognac and brandy from 12 January 2021.