4 days ago
Jaguar and Aston Martin Must Find a Way to Share
Britain's luxury-car manufacturers were relieved in May when the US agreed to lower tariffs on their exports to 10% from the 27.5% rate they were facing before.
While the UK-US agreement will help safeguard jobs and the headline tariff rate is superior to the 15% duty the US is set to apply to vehicles from the European Union, it has a potentially aggravating catch: the 10% import tax will apply to the first 25,000 UK vehicles arriving in the US each quarter; whereas those exceeding the cap will be charged 27.5%.
