US THREATENS UK CAR EXPORTS TO HIKE TARIFFS

Highlights:

• The UK will impose a tax on digital services then the US will be moving ahead with a tax on car tariffs.
• The US increased tariffs would harm the automotive industry.
• Around 20% of UK car exports to the United States.

Steven Mnuchin, Treasury secretary US, stated that the United States would consider imposing tariffs on cars made in the United Kingdom. This w....