The UK could be on the brink of seeing a huge influx of American cars, after the Government hinted that it might lower import tariffs on vehicles from the US in an attempt to broker a trade deal with President Trump.
The US currently imposes a 25 per cent tariff on all imported vehicles and vehicle parts, which has had a huge impact on the UK car industry, with JLR having paused exports to the States while it considers the situation.
However, UK Chancellor Rachel Reeves told the BBC: “I want to see tariff and non-tariff barriers reduced between the UK and the US.” Her comment came after it emerged that White House documents circulated among business groups suggested that the UK and US are working on a deal which could see UK import tariffs on American-made cars reduced from the current 10 per cent to just 2.5 per cent.
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