UK car industry faces difficult trade-off between Chinese and EU markets
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Britain's car industry is facing a difficult trade-off between Chinese and European markets as the UK avoids placing import taxes on cheap Chinese vehicles, unlike the US and the EU, which imposes duties of up to 45%. EU officials warned Andy Burnham that the UK must impose tariffs or face protectionist "made in Europe" barriers on British exports. Business secretary Jonathan Reynolds resisted tariffs due to potential Chinese retaliation, rising prices for drivers, and risks to Chinese investments, such as Chery's potential production at Nissan's Sunderland plant.
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