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Guardian
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Which UK carmakers will be hit hardest by Trump’s latest import tariffs?
- UK carmakers like JLR, Rolls-Royce, Mini, and Aston Martin are concerned about the potential impact of Trump's planned 25% tariffs on imported cars into the US starting on April 3.
- About 80% of the nearly 780,000 cars produced in the UK in 2024 were meant for export, with the EU, US, and China being the top three markets.
- The UK car industry, especially high-end manufacturers like Bentley and McLaren, could be affected by the tariffs on premium vehicles exported to the US.
- Nissan's car plant in Sunderland, Toyota's Burnaston plant, and Mini's Oxford plant are key players affected, as they export cars to the US.
- Rolls-Royce, Bentley, Aston Martin, and McLaren, which have significant US sales, are likely to be impacted by the tariffs.
- Bentley, for example, plans to pass on the tariff cost to the customers if the 25% tariffs come into effect.
- Aston Martin, known for its association with James Bond, generates a significant portion of its revenue from the US market.
- McLaren, a supercar manufacturer, heavily relies on its North American market, with a substantial portion of its cars exported there.
- These UK carmakers are evaluating the impact of tariffs on their businesses and considering strategies to mitigate the potential cost increases for customers.
- Carmakers are hopeful for a UK-US economic deal post-Brexit that could alleviate the impact of the tariffs on their exports to the US.
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