Automakers

UK offers automakers post-Brexit tariff boost

Mini Oxford production
Automakers that build cars in the UK, such as Mini, pictured, would benefit from lower levies on raw materials.
May 19, 2020 05:27 PM

LONDON -- The UK government will offer a degree of post-Brexit protection to the country's auto industry by keeping a 10 percent tariffs on cars imported from countries with which Britain has no trade agreement, while lowering levies on raw materials used in car production.

Staying current is easy with newsletters delivered straight to your inbox.