Why Luxury Cars Were a Driver of the U.K Trade Deal
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Selling high-end cars to America has become one of the British auto industry’s key strengths in recent years, from Aston Martin sports cars to Range Rover luxury SUVs. The 25% tariff on imported cars threatened to pose a major competitive hurdle, so the reduction in the levy to 10% was greeted with widespread relief across the U.K.’s car industry on Thursday. The 10% tariff rate will apply to 100,000 vehicles—in line with the amount the U.K. shipped here last year—with additional cars charged at the higher rate.
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