US EditionUK in talks over US car tariffs, could look at Tesla subsidies, finance minister says
- The UK is in talks with the U.S. To avoid a 25% tariff on car imports set to take effect on April 2, which could harm both countries' automobile industries and consumers.
- Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, expressed disappointment at the tariffs, emphasizing the need for a deal to prevent further damage.
- Rachel Reeves stated that trade wars are harmful and could lead to higher consumer prices, urging President Trump to spare the UK from tariffs.
- The Office for Budget Responsibility warned that Trump's tariffs might reduce economic growth in the UK by up to 1%, affecting the trading relationship between the nations.
46 Articles
46 Articles
Tariffs Loom, Foreign Secretary Misri Speaks To US Deputy Secretary Of State
Days before Donald Trump's "tit-for-tat" tariff kicks in, Foreign Secretary Vikram Misri on Friday spoke with US Deputy Secretary of State Christopher Landau, focusing on the bilateral cooperation in the areas of trade, defence and migration.
United Kingdom analyzes: “taxes on Tesla imports would be an appropriate response”
British taxpayer subsidies to Tesla came under scrutiny, following Donald Trump's announcement of a 25% tax on vehicles imported into the United States. The country is considering excluding...
UK-US Tariff talks ‘reaching crucial point’ – Chancellor Reeves
Rachel Reeves has been defending her spending plans, amidst intense criticism over the impact they may have in pushing people into poverty. But how worried is she about the impact of President Trump’s latest tariffs?
Tax cut for Musk and Bezos on the table - as UK scrambles to avoid tariffs
Ministers are considering cutting a tax on global tech giants as part of a last-minute scramble to secure a deal which would exempt the UK from Donald Trump’s tariffs due to come into force next week.Talks on an economic partnership agreement are going down to the wire ahead of 2 April, which the US President calls “liberation day” when sweeping levies on imports will take effect.If the UK and US can strike a deal, Britain will be in line for lo…
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