The breakdown of trade talks with Canada threatens massive costs for UK car makers exporting there, said the Society of Motor Manufacturers and Traders today. The stalemate on a free trade deal creates the risk of tariffs being imposed on British-made cars sold in Canada. Britain's current deal after Brexit until April means we export vehicles containing EU-manufactured parts to Canada … [Read more...]
Brexit deal provides hope for automotive sector
The Society of Motor Manufacturers and Traders want to ensure all automotive companies benefit from continued tariff-free trade with our largest market after agreeing on Brexit terms. While no substitute for the benefits provided by remaining in the EU, the TCA provides hope for the future, with a foundation on which to build, domestically and internationally, in 2021. Given the … [Read more...]