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The business community takes stocks from the trade war launched by the United States on “Tahrir Day” last month.
Unlike the traditional war, companies are on the front lines, with duties by 145 % on the goods imported from China and the definitions of 25 % on imported vehicles.
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The United States government collects money, and companies usually pass at least some cost to consumers. The same occurs for Chinese importers who pay a tariff for this country on mineral fuels, oil seeds, electrical machines, aircraft, and parts of the spacecraft they need from America.
Despite this additional cost, the customs tariff is supported by many industries due to its long -term benefits for local producers. High prices on foreign goods due to taxes make products more attractive.
“We are in a screening.” “The definitions are an attempt to stop bleeding from job bleeding in America over the past 33 years.”
Related: The UK’s commercial deal gives a glimmer of the future for the future
Fine made a famous campaign to oppose President Donald Trump Kamala Harris during the 2024 elections.
If companies are already producing their goods locally, they can benefit from any additional work.
Therefore, while Trump negotiates with tariff deals that reduce the duties that have been placed on foreign competitors, the short -term local product becomes much worse local producers.
On Thursday, the White House announced a trade agreement with the United Kingdom, as it wanders in feathers between some people who support the Trump identification campaign in the country.
Photo and colon source; Shen & Sol; Bloomberg via Getty Images
Big 3 car manufacturers PAN, the latest tariff deal
On Thursday, the White House announced a plan for a commercial show With the United Kingdom.
The United States is the largest commercial partner in the United Kingdom, as businesses between the two countries (imports and exports) increased by 4 % in the past year to 314.6 billion pounds (416.8 billion dollars). The United States formed about 18 % of the total UK trade.
Cars It has been calculated For about 5 % of the total UK exports to the United States in 2024, making cars the largest export in the United Kingdom to the states.
In 2024, the UK exported 9.0 billion pounds ($ 12 billion) cars to the United States, which represents 24.7 % of the country’s total car exports. The United States is a commercial partner in Britain in the auto sector.
Related: Elon Musk’s Starlink is the key to avoiding American definitions
American auto policy council, a group of cars that represent the major auto companies in Detroit (Ford ((and)) General Motors ((General Motors)) And stellantis ((pressure)) ), Unfortunately responded.
“The American auto industry is very integrated with Canada and Mexico, and they are not true for the United States and the United Kingdom. We are disappointed that the administration gave priority to the United Kingdom before our partners in North America,” said Matt Blant, AAPC president.
“Under this deal, it will now be cheaper in importing a vehicle in the UK with very small content from the United States of a vehicle compatible with USMCA from Mexico or Canada, which is half of the American parts. This harms American auto, suppliers and car workers.”
Luxurious British cars are the big winners
If you are a fan of luxury brands in the UK such as Bentley, Jaguar, Land Rover, or McLaren, you rejoice, because the deal between the two countries will make the prices for those vehicles more logical.
The UK exported about 102,000 cars to the United States in 2024. The average cost of charging a car to the United States from the United Kingdom is about 1,205 pounds ($ 1,597), According to For autoshippers. Many of this cost are often transferred to the consumer.
The Trump administration has put on import taxes by 25 % on cars coming from abroad, in addition to the current 2.5 % duty. This number has been reduced to 10 % on 100,000 cars as a maximum; Any exported cars above this level of import tax are subject to 27.5 %.
More car news:
- Ford can take strict measures to combat definitions, says leakage notes
- Tesla is quietly killing the model that it disturbed last year only, at the present time
- Forget the definitions. Used car buyers have another reason to worry about prices
American auto companies hope that this deal is not planned for future tariff negotiations.
“We hope that this preferential access to cars in the UK on North America will not be a precedent for future negotiations with Asian and European competitors,” said Blant.
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