UK Chancellor Stands with Carmakers Amid US Tariff Concerns

In a significant address, UK Chancellor of the Exchequer Rachel Reeves highlighted the "particularly" severe impact that United States tariffs are expected to have on British automakers.

Government Pledges Support

Reeves reassured the industry, stating, "With this government and with me as Chancellor, we have your back." She emphasized that carmakers and other affected sectors would receive the necessary support to navigate these challenging times.

A Pragmatic Approach to Tariffs

The Chancellor also outlined London's strategy towards the tariff issue, describing it as "cool-headed," "pragmatic," and firmly rooted in "the national interest." This approach aims to mitigate the adverse effects on the UK's automotive sector and broader economy.