UK Government and Carmakers to Address US Tariffs

Today, British automobile companies are set to meet with the government to deliberate on the implications of President Donald Trump's 25% tariff on foreign-made cars. This meeting, as reported by the BBC, aims to explore potential exemptions from these duties.

Seeking Exemptions Over Countermeasures

Insiders reveal that the UK is prioritizing negotiations for exemptions with Washington, rather than immediately resorting to countermeasures. However, some car manufacturers argue that the time for delaying tariffs has passed and are urging the government to provide immediate support.

The Stakes for British Auto Exports

With vehicles being the UK's top export to the US, reaching 101,000 units valued at £9 billion in 2024, the outcome of these discussions holds significant economic implications.