India-UK FTA: Cars get cheaper, Scotch waits
Synopsis British carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin will take longer
Synopsis British carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin will take longer to reach consumers.
Jaguar Land Rover and McLaren have already announced cuts on UK-built car models. Alcohol remains heavily taxed, impacting the speed of price adjustments for spirits.
The full benefits of the trade deal depend on state-level tax policies.
The BriefWire