1 week Ago By Steph Spyro
Keir Starmer will spend today unveiling his first big intervention designed to alleviate Donald Trump ’s tariff onslaught. The Prime Minister said he wants British manufacturers to be at the “forefront” of the electric vehicle “revolution” while confirming a raft of new reforms to boost manufacturers in the wake of the levies. The Prime Minister said that the “new era of global instability” would push the Government to go “further and faster” to support businesses.
Under new measures to be announced on Monday, rules around fines for manufacturers who do not sell enough electric cars will be relaxed, and supercar firms will be exempt. Companies are grappling with the new rules from the White House, which mean a 25% tariff is now applied to foreign cars imported into the US, while other products face a 10% levy. Jaguar Land Rover said over the weekend that they would “pause” shipments to the US, as they look to “address the new trading terms”.
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