Toyota and Nissan demand UK covers tariffs if no EU deal reached

toyota

© Luckydoor

By Alex Lennane

05/10/2020

Well, Toyota and Nissan are demanding the UK government pay any additional tariffs required if the country fails to agree a trade deal with the EU. If there is no deal, tariffs on cars will jump to 10% on 1 January, costing car-makers some $5.82bn a year. According to Nikkei Asia, EU car-makers are also requesting the UK pay for tariffs… Perhaps these moves will finally sharpen the government’s incentive to make a deal.

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automotive Brexit Free trade now! Trade tariffs DFDS P&O Ferries Rebuilding the UK Stena Line

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