Tariffs and domestic policy decisions are weighing on the automotive sector, with majority of UK car exports going to Europe and the US being a key market.
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Updated oct 8
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What happened
Tariffs and domestic policy decisions are weighing on the automotive sector, with majority of UK car exports going to Europe and the US being a key market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Jaguar and Bentley are competing for UK tariff quota, following Jaguar's previous ownership by Ford.Sub-event
High-level UK/EU meeting at G20 aims to prevent tariffs from undermining UK carmaking investment.1 source
Automotive sector facing market pressures from tariffs and domestic policy shifts in Europe and the US.1 source
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The entities involved
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Europe
terrestrial continent located in north-western Eurasia
Related events
- Cheaper British exports boosted car manufacturing in 2013.
- Both U.S. and German manufacturers are continuing factory expansions and increasing stockpiling in response to rising costs.
- Goods are being brought into European warehouses, and UK brands are sourcing products from China.
- Trump administration pushed for concessions from European trade partners, while European carmakers sought tariff relief.