How does Trump's 25% tariff on all cars affect the UK? What we know

The United Kingdom is not planning to introduce retaliation tariffs in the United States, and Rachel Reeves said that Donald Trump imposed a new 25%trade tax on all automotive imports.

The White House insisted on Wednesday that it will increase the domestic manufacturing industry and protect the US jobs by announcing the import tariffs imposed on product imports in foreign countries.

The United States is the largest single market in the automotive sector nationwide, explaining one of all five exports. In other words, tariffs can have a big impact.

The potential for increasing costs due to the UK's tariffs, which will be implemented on April 2, will cause more headaches to Leeves, who delivered a spring statement to begin growth on Wednesday.

Following Trump's announcement, Reeves said that the British government is participating in a wide range of discussions about what the British tariffs mean. The superintendent added that the UK and the US economy are closely intertwined, which suggested that transactions could occur to offset tariffs.

Rachel Rachel Reeves said the British are involved in a wide range of discussions with the United States. (Alarmy)

She told Time Radio: just a few weeks ago, she went to Washington and met with the US president. And we are now having a wide range of conversations with the American opponents.

Obviously, tariff announcements are planned for the United States next week, but we are discussing the meaning of the British.

How bad is the car tariff in the UK?

According to the National Statistics (ONS), the UK exported $ 60.5 billion of goods to the United States in 2023, exporting 15.3%of all British products and export partners far ahead of China and Germany.

Among them, it was not a small change and 25%of the tariffs allowed you to seriously dentify the hope for the economic headroom, and there was an export of automobiles that could potentially reduce budget cuts or forced tax hikes.

The United States was UKS's top trading partner in 2023. (ONS)

According to the ONS, there were 64 billion car exports in the United States in 2023, accounting for almost a fifth (18.4%) of all British car exports. British exports mainly head to the United States with premium and luxury cars to the United States.

In fact, the United States was the largest export partner of the car before Germany and the Netherlands.

Financial tolls can reach hundreds of millions of times each year, while brands such as Jaguar, Land Rover, Mini and Bentley can face steep costs to reduce sales. Jaguar Land Rover may be one of the most influenced by tariffs.

The motor manufacturer and the trading association have described the contract as “a long -term blow to productive relationships,” and urged that the two sides urged them to gather and struck everyone a effective deal.

The impact of Trump's tariffs on vehicles is felt throughout Europe. Aston Martin, listed on the London Stock Exchange, saw the stock price drop by about 6% immediately after its opening on Thursday. The stocks of the German giant BMW group listed on Frankfurt decreased by 4%and the Volkswagen Group decreased by about 3%.

How does the UK react?

The government may face the pressure to retaliate with its own tariffs, but the prime minister said the British did not plan now.

Reeves said on Thursday that the ministers do not want to expand this trade war, adding that they will not be good for anyone and will strengthen inflation.

With this in mind, diplomacy and transactions seem to be how Reeves and the government responded.

She said: we want to have a better deal with the United States. I know that the Lord is important in the future. More conversations are in progress today, so let's take a look at where you go in the next few days.

Some MPs have called for the UK to impose retaliatory tariffs after the United Kingdom announced 25% of automotive exports to the United States. (Getty)

The BBC also reported that the government hoped that US trade transactions could be made before the tariff came into force.

The Liberal Democratic Party, however, demanded US automakers, such as Tesla, owned by Trump Ally Elon Musk, to strengthen and begin retaliation tariffs.

DAISY COOPER said in the BBC Radio 4S TODAY program. I think there is only one language that Donald Trump understands. I think this is the language of power.

We think that the government should start preparing for retaliation, and that fee should start with the tariff on Tesla cars. Because Elon Musk is a big supporter of Donald Trump, it's where we start.

What we know about British-US trade transactions

The government hopes that trade transactions will be carried out before the tariff comes into force, but there is no guarantee that it will happen. Trump is hard to predict and his first position in the United States means that he will agree with nothing unless he benefits the United States.

Keir Starmer talked with Trump about trade transactions on a late night phone during the weekend. But the prime minister simply speaks and the details are thin on the ground.

Keir Starmer is discussing Donald Trump and trade transactions. (Getty)

Jonathan Reynolds, a business and sales minister from a conversation in Washington last week, also confirmed that a wide range of discussions were in progress, but specific exemptions and terms were not publicly published.

On Thursday, Reeves continued to provide hope for transactions by talking about Time Radio. Let's see where we are free and fair trade for all of our countries, but where we are going in the next few days.

Potential transactions will be narrower than the entire free trade contract, and it can focus on technology and tariff relief, but it is still unknown.

Trump is expected to sign a contract with reporters last month. I think it's a great opportunity for us to end with a real trade contract that does not require tariffs.

However, in a few days, the White House has not yet confirmed concessions due to tariffs on car exports.

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