UK ministers are negotiating with US officials to exempt British car manufacturers like Bentley and Aston Martin from Donald Trump's impending 25% import tariffs. Although there is a sense of urgency due to looming deadlines, UK officials express varied confidence in achieving a favorable agreement. Britain, alongside allies such as Australia and Japan, is focused on ensuring a balanced and fair trading partnership, given the impending "liberation day" on 3 April, which could significantly impact UK automotive exports.
In their conversations with their US counterparts, officials and ministers are hammering home the point that the trading relationship between the US and UK is balanced.
Our view would have been we would not have wanted any tariffs applied to the UK while we're having this conversation, but we're pretty close to what the US calls world tariffs day.
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