Trump to lift some whisky tariffs after King's visit

US President Donald Trump said he will lift certain tariffs and restrictions on whisky imports to coincide with King Charles and Queen Camilla's state visit, specifically easing rules that had limited cooperation between Scotland and Kentucky on whisky and bourbon. The move reduces trade friction for Scotch producers and may provide a modest near-term positive for UK exporters and related beverage companies, and could be supportive for sterling on any renewed trade optimism. Market impact is likely limited and sector-specific — easing pressures on distillers — rather than a broad macro driver, but it improves UK-US trade sentiment and could marginally affect stocks and FX tied to UK trade flows.