India-UK trade deal: Luxury cars get cheaper, but your Scotch will have to wait

British carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin will take longer to reach consumers. Jaguar Land Rover and McLaren have already announced cuts on UK-built car models. Alcohol remains heavily taxed, impacting the speed of price adjustments for spirits. The full benefits of the trade deal depend on state-level tax policies.