UK Seeks US Car Tariff Exemption, May Reconsider Tesla Subsidies
2025-03-27
Reuters
The UK is in intense negotiations with the US to avoid auto tariffs, with finance minister Rachel Reeves stating that an exemption is being pursued. Additionally, the UK may review subsidies for companies like Tesla, led by Elon Musk, to level the playing field and support its own automotive industry. This move could have significant implications for the global auto market, with electric vehicles and trade agreements being key factors. The UK aims to protect its industry and promote fair competition, with the US tariffs and subsidies being closely examined. Key considerations include free trade agreements and automotive manufacturing
