The EU remains the UK automotive industry’s largest and closest trading partner, so the progress announced today towards a deeper strategic partnership is significant, especially given the broader geopolitical headwinds. The agreement to protect steel from tariffs and the intention to link the UK and EU carbon markets – a long-held ambition – should pave the way to greater price stability and reduced costs.
As talks continue, we need to see an unequivocal commitment to avoid tariffs on all products, improve customs cooperation and enhance our regulatory partnership – all measures that will help maintain consumer choice and affordability, and support economic growth on both sides of the channel.
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