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Related Special Reports
...The tariff cut was a concession Tesla had been pushing for as a precondition for investing....
...Cheesemakers also face heavy Canadian tariffs....
...The European Automobile Manufacturers’ Association said that “patchwork solutions” to the tariff dispute were not good enough....
...“The change in ‘tariff’ refers to a more flexible approach we are adopting to international offer holders who miss their grades,” a spokesperson said....
...If there is found to be a breach, the EU could take action, including ultimately putting tariffs on UK exports, but it would require a majority of the 27 member states to agree....
...A deal late last year avoided electric vehicles sold between the UK and EU facing tariffs, as the industry warned tariffs would penalise carmakers and hurt EV sales in the UK....
...Mike Hawes, chief executive of the SMMT, the UK car industry body, said import tariffs would be deeply disappointing....
...He has separately suggested imposing tariffs of 50-100 per cent on Chinese models coming into the US....
...“Don’t raise tariffs. I’m a contrarian, I think go the other way around: take the tariffs that we have and reduce them,” he told the Financial Times....
...“But tariffs won’t shield legacy carmakers for long. Chinese companies will build factories in Europe and when that happens our car industry needs to be ready.”...
Trade groups say monthly tariffs that importers of food and plants from the EU will have to pay will add up quickly
...The European Commission is investigating whether China uses subsidies when selling cars in the EU, in a probe that is widely expected to lead to higher tariffs on imported EVs from China....
...Investors receive a 10-year package of tax breaks on new buildings and machinery, simplified customs procedures and tariff-free imports, as well as an exemption from national insurance contributions for...
...The European Commission’s investigation into Chinese competitiveness in the electric vehicle market is widely expected to lead to higher tariffs....
...In a deal agreed last year, tariffs will be applied to EV exports between the UK and EU from 2027 unless they contain high levels of locally sourced parts....
...The decision to halt talks leaves tariffs of 245 per cent on British cheese — Canada accounts for 2.4 per cent of global exports, which was worth just under £19mn in 2022....
...“Higher tariffs imposed by the EU on Chinese imports may also give the industry breathing room, however the industry is likely to remain reliant on the strength of its brands to offset higher prices [than...
...Then Peter Turchin came forward....
...They can absorb higher tariffs, cut prices and still make high profits. “Prices in China are very low, so [Europe] is paradise for them.”...
...The lowered tariffs would apply to all EV makers....
...That’s because, as Peter Holmes of the UKTPO pointed out to the same committee a while back, the UK global tariff doesn’t create those tariff “wedge” opportunities, despite the fact that the government’s...
...Lord Peter Mandelson, the former EU trade commissioner and Labour cabinet minister, outlined in a keynote speech the party’s approach to Europe if it was to win power....
...post-Brexit slump in exports can be attributed to ‘rules of origin’ issues, which mean that goods like textiles and footwear can no longer be imported into the UK and shipped on to Europe without attracting tariffs...
...This, despite the fact that the EU and UK had an obvious common strategic interest in avoiding imposing tariffs that would have only handed further advantage to the same Chinese manufacturers on which they...
...Three-quarters reported that their sales into the EU had fallen or become more complicated as a result of bureaucratic barriers, including tariffs and regulatory compliance obligations, that were erected...
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