Market News
UK in talks over US car tariffs, could look at EV incentives, Reeves says - REUTERS
By Catarina Demony and Kate Holton
Summary
- US is second-biggest importer of UK cars
- UK trying to carve out tariff exemption
- Could look at EV credits
LONDON, March 27 (Reuters) - (This March 27 story has been corrected to make clear that Tesla benefits indirectly from credit scheme, and does not receive UK subsidies, changing reference in headline and paragraphs 1, 3 and 11)
Britain is working intensely with Washington to secure an exemption from U.S. auto tariffs and could review a credit scheme that indirectly benefits Elon Musk's Tesla to better support its industry, finance minister Rachel Reeves said on Thursday.