Last week, the US Government announced a list of imported European goods that from 18 October will be subject to extra tariffs. The list, which includes a range of spirits and liqueurs, was expected after the World Trade Organisation sided with the US in a long-running battle with the EU over aeroplane subsidies. But, despite grumblings from spirits trade groups over the unfairness of being penalised for a dispute in an unrelated sector, the main takeaway for alcohol was that things could have been a whole lot worse.

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