Carryfast:
WTO rules don’t apply to cars the only rules are that there are no rules in that regard.
Really?
WTO product number 87/03/221000 for cars
“Other vehicles, with only spark-ignition internal combustion reciprocating piston engine
Of a cylinder capacity not exceeding 1 000 cm3
87 03 210000
Of a cylinder capacity exceeding 1 000 cm3 but not exceeding 1 500 cm3
87 03 220000
New
87 03 221000”
There`s an example of vehicles attracting 10% tariff from third countries, into the EU. So in a hard Brexit our cars would be 10% dearer in EU than now. Not good for exports and employment in the UK.
Carryfast:
Then specifically target all German car imports with a 100 % tariff to apply with immediate effect while removing VAT on JLR sales.Then if the EU wants a real trade war after that give em one.
Fine idea. They will of course reciprocate won`t they?
“80% of the UK’s car production is exported, of which 54% goes to EU member states. In 2017, the United Kingdom produced 1.75 million motor vehicles, exporting 800,000 of these within the European Union.”
acea.be/statistics/article/ … u-partners
And here
fullfact.org/europe/german-cars-uk/
About 1 in 7 German cars are sold in the UK.
So a trade war could mean Germany losing 14% of their sales and the UK losing 40% of sales.
Dont look good to me. And if such a trade war took off would TATA continue to use the UK as their European base, would Ford, Honda etc etc continue to invest in a country with practically zero sales into the EU? I could make a fair bet they wouldnt.
Trade war? . . . Both sides loose in wars, but the UK stands to loose the most.