UK PM Starmer's office confirms that China will cut UK whisky tariff to 5% from 10%

UK PM Starmer's office confirms that China will cut UK whisky tariff to 5% from 10%.

The reduction of the UK whisky tariff from 10% to 5% by China is a positive development for UK distillers, notably benefiting companies like Diageo PLC. This change may not only enhance trade relations between the UK and China but also stimulate demand for UK exports, potentially bolstering GBP against other currencies and improving sentiment in the beverage sector.