US EditionUK in talks over US car tariffs, could look at Tesla subsidies, finance minister says
- The UK government is considering removing Tesla from its electric vehicle incentive program due to new US tariffs announced by the Trump administration.
- UK Finance Minister Rachel Reeves stated they are looking at the zero-emission vehicle mandate and considering support for the car manufacturing industry in the UK.
- Tesla's sales have dropped over 40% in Europe this year, but it remains the biggest market for Tesla in that region.
- The Office for Budget Responsibility warned that 20% tariffs from the US would lower Britain's GDP by 0.3% permanently, with more significant damage from UK retaliation.
46 Articles
46 Articles
Tariffs Loom, Foreign Secretary Misri Speaks To US Deputy Secretary Of State
Days before Donald Trump's "tit-for-tat" tariff kicks in, Foreign Secretary Vikram Misri on Friday spoke with US Deputy Secretary of State Christopher Landau, focusing on the bilateral cooperation in the areas of trade, defence and migration.
United Kingdom analyzes: “taxes on Tesla imports would be an appropriate response”
British taxpayer subsidies to Tesla came under scrutiny, following Donald Trump's announcement of a 25% tax on vehicles imported into the United States. The country is considering excluding...
UK-US Tariff talks ‘reaching crucial point’ – Chancellor Reeves
Rachel Reeves has been defending her spending plans, amidst intense criticism over the impact they may have in pushing people into poverty. But how worried is she about the impact of President Trump’s latest tariffs?
Tax cut for Musk and Bezos on the table - as UK scrambles to avoid tariffs
Ministers are considering cutting a tax on global tech giants as part of a last-minute scramble to secure a deal which would exempt the UK from Donald Trump’s tariffs due to come into force next week.Talks on an economic partnership agreement are going down to the wire ahead of 2 April, which the US President calls “liberation day” when sweeping levies on imports will take effect.If the UK and US can strike a deal, Britain will be in line for lo…
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