English>

Market News

UK in talks over US car tariffs, could look at Tesla subsidies, finance minister says - REUTERS

MARCH 27, 2025

By  and 

Summary

  • U.S. is second-biggest importer of UK cars
  • UK trying to carve out tariff exemption
  • Could look at subsidies given to Tesla

LONDON, March 27 (Reuters) - Britain is working intensely with Washington to secure an exemption from U.S. autos tariffs and could review subsidies enjoyed by Elon Musk's Tesla to better support its industry, finance minister Rachel Reeves said on Thursday.

Reeves said Britain should be given a carve-out from any global tariffs because the two countries report trade surpluses with each other due to measurement differences, after U.S. President Donald Trump unveiled his latest move - a 25% tariff on imported vehicles.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics