US President Donald Trump is reportedly set to announce a softening of the nation’s widespread tariffs on automotive industry imports to the US, but the changes are unlikely to help brands manufacturing cars in the UK, leading to more uncertainty regarding the future of Britain’s biggest export.
Last month, Trump announced sweeping tariffs of 25 per cent on all foreign automotive imports — including cars and car parts. The unprecedented move sent shockwaves through the industry, with the likes of Jaguar Land Rover (JLR) pausing deliveries to the States and the stock prices of several manufacturers plummeting.
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