Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, criticized the US President's tariffs on UK goods as deeply disappointing and harmful. The 25% tariffs on cars and 10% on all UK exports could compel manufacturers to reconsider production levels. Hawes noted that the automotive sector faces numerous challenges, emphasizing that these tariffs cannot be absorbed by companies, leading to increased costs for US consumers and reduced availability of British brands. He urged for ongoing trade discussions to support jobs and economic growth on both sides of the Atlantic.
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), expressed disappointment over the US tariffs on UK products, warning of potential damage to vehicle manufacturing.
Hawes highlighted the immediate impacts of the tariffs, stressing that they cannot be absorbed by manufacturers, which will ultimately affect US consumers through increased costs and limited choices.
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