The move – which will last for four months – comes after repeated calls for the UK Government to put pressure on the US to seek a new long-term agreement.
Former US President Donald Trump had imposed a 25 percent tariff in October 2019 on imports of single malt Scotch whisky.
It is understood the UK and US governments will seek to reach an agreement during the four-month suspension period.
Earlier this year it was revealed the UK’s Scotch whisky export has been reduced by a staggering 22.6% in 2020 – with losses exceeding £500million.
Commenting, Stewart Stevenson MSP said:
“This is very welcome news for the sector which employs more than 11,000 people including 7,000 people in rural areas.
“The financial loss that our whisky exports have faced is eye-watering and simply not sustainable and I am glad there will be time now to look at this in more detail.
“Real damage has been caused by this 16-month long tariff on Scotch whisky causing a detrimental impact on the industry.
“I hope this announcement today will bring some relief and I hope moving forward there will be a resolution that is reasonable and fair.”
“The financial loss that our whisky exports have faced is eye-watering and simply not sustainable and I am glad there will be time now to look at this in more detail.
“Real damage has been caused by this 16-month long tariff on Scotch whisky causing a detrimental impact on the industry.
“I hope this announcement today will bring some relief and I hope moving forward there will be a resolution that is reasonable and fair.”