UK News
Can Britain really afford to diverge from EU tariffs on Chinese EVs?
Key Points
The European Union’s demand that Britain raise tariffs on Chinese cars exposes an awkward truth about post-Brexit trade. Britain might have left the EU, but it cannot easily escape the bloc’s industrial policy. According to the Financial Times, EU officials have told Prime Minister Andy Burnham that Britain needs to align more closely with EU trade policy towards China if it wants British manufacturers to avoid discriminatory treatment under the bloc’s proposed “Made in Europe” rules.
The European Union’s demand that Britain raise tariffs on Chinese cars exposes an awkward truth about post-Brexit trade. Britain might have left the EU, but it cannot easily escape the bloc’s industrial policy.
According to the Financial Times, EU officials have told Prime Minister Andy Burnham that Britain needs to align more closely with EU trade policy towards China if it wants British manufacturers to avoid discriminatory treatment under the bloc’s proposed “Made in Europe” rules. The...