Meeting of the Parliament 29 January 2026 [Draft]
::Free and open international trade is critical to achieving growth in the Scottish economy. The recent threat of additional tariffs from the United States was inconsistent with that, so we all welcome the fact that that risk has now receded. However, the impacts of tariffs continue to be apparent. The Scotch whisky sector reported 1,000 job losses last year, and the sector estimates that a 10 per cent reciprocal tariff could result in up to £400 million of annual losses in exports to the US. Our six-point action plan for exports augments our existing support to respond to the global economic volatility.