Trade war truce boosts spirits of US whiskey distillers

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American whiskey makers, facing a market-killing 50% European Union tariff, were poured a temporary reprieve Monday when trade negotiators shelved the increased tax to bring some calm to talks over steel imports.

The United States and EU said the planned tariff increase from 25% to 50% will be iced during the new talks. The new talks also suspend other tariff increases on U.S. products, including motorcycles made by Harley-Davidson.

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