UK carmakers plead for clarity as they stockpile parts and cars for Brexit

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WTO tariffs could add 10% to car prices if deal is not agreed before 2021

Carmakers are bracing for the final Brexit deadline by moving cars and parts both ways across the Channel to make sure they are not hit by tariffs if the UK and EU fail to agree a trade deal.

Trade between the UK and EU will be governed by new rules from 1 January, but the imported cars will become 10% more expensive overnight if tariffs are imposed under the World Trade Organization regime.

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from The Guardian https://ift.tt/3fQK5QY

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