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‘Amplified levels of uncertainty’: Trump tariffs compound Scotch sellers’ troubles

Cash-strapped distillers look to sell or raise equity as downturn intensifies

Even before US President Donald Trump threw global trade into turmoil with his tariffs on imports, Huw Wright of Holyrood distillery was navigating multiple challenges to his young business.

Founded in 2019 in Edinburgh’s old town, the distillery has found it tough to place its younger whisky products on the shelves of major retailers, who prefer traditional brands with 10 or more years of maturation.

Consumers have been choosing cheaper products, input costs such as utilities and barley have soared, and a global glut of whisky stocked in warehouses has forced cash-strapped distillers to limit production.

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