Some positive news. America has suspended retaliatory tariffs on UK exports, including Scotch Whisky, along with Cashmere, Stilton cheese and pork products.

Such a rapprochement is positive news for efforts on both sides of the pond to secure an ambitious UK-USA trade deal.

The background to positive moves lies in the dispute dating back to 2006 and claims that Boeing alleged that Airbus was receiving state aid subsidies, which in turn saw a World Trade Organsiaiton (WTO) ruling uphold EU complaints about Boeing and the EU impose retaliatory tariffs on US imports.

It is hoped that this UK USA rapprochement will foster a new spirit in both sides negotiating and delivering a mutually rewarding and ambitious trade deal as quickly a possible