British car manufacturers could become caught up in an export tariff tit-for-tat escalating between the UK and US governments, after chancellor Sajid Javid refused to back down on a new multibillion-pound tax incentive aimed at many of the world’s biggest tech firms.
A trade deal with the EU would take precedence over that of the United States when the UK ‘Brexits’ at the end of January The US treasury secretary Steve Mnuchin threatened arbitrary new tariffs on UK carmakers in response to the British chancellor’s refusal to recant on “proportionate” taxes on tech…
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