In 2021 U.S. President Biden dropped tariffs on imports of Scottish whisky. Read the extract US suspends tariffs on single malt Scotch whisky [attached] and, using appropriate demand and supply diagrams, consider the possible consequences of such a policy for US producers and consumers, and on the US government. In your answer use this analysis to provide a discussion of the arguments for free trade between the US and UK, versus those for protectionism.
