3 ms·
I agree that it'll end up hurting the EU more. BMW, Peugot, Tata (Jaguar Range Rover), Stellantis, and so on can simply move the production of UK-bound vehicle
by hedora 3y ago
I agree that it'll end up hurting the EU more. BMW, Peugot, Tata (Jaguar Range Rover), Stellantis, and so on can simply move the production of UK-bound vehicles out of Europe to avoid the tariff. (The EU is imposing the tariff, not the UK.)
It probably costs less than 10% of MSRP to transport a car (or the parts) via cargo vessel from China or the US, so prices in the UK will go up less than 10%, and EU's EV automotive factories will need to cut production targets (at the same time as the EU is subsidizing them in order to increase production).
There are a few UK based companies (Aston Martin, Bentley, Lotus, ...) that are probably too small to route around the tariff, but they're all high-margin, and their customers aren't particularly price sensitive.
https://en.wikipedia.org/wiki/List_of_car_manufacturers_of_the_United_Kingdom https://en.wikipedia.org/wiki/List_of_car_manufacturers_of_t...