Market Insight: Tariffs, Trade Wars & Open Doors – How US Tariffs Could Hit the UK
With US tariffs on imported vehicles, parts, and raw materials set to increase costs across the automotive sector, UK manufacturers face significant pressure. JLR, heavily reliant on US sales, is particularly vulnerable, while American consumers are also expected to bear the brunt of rising prices. In this month’s One Auto API Market Insight , CEO Mark Fretwell looks at an industry braced for disruption. In 2024, the US imported $246 billion in passenger vehicles. From Read more…