Chinese domination of the UK’s car market could be short-lived. Reports suggest the Government is weighing up imposing tariffs on vehicle imports from China in order to secure a deal with the EU to protect Britain’s own car industry.
According to The Times, Business secretary Jonathan Reynolds is in the process of devising new tariffs on Chinese cars in order to appease the EU amidst negotiations over its controversial, and potentially damaging, ‘Made in Europe’ laws. This comes only a few weeks after the MP for Stalybridge and Hyde told Auto Express directly: “If you put trade protections up, they’ll probably be reciprocated and you’ll lose things.”
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