Cars Made in U.K. May Struggle to Be British Enough Post-Brexit
Current trade pacts generally require exporters to prove that 50 to 60 percent of a product‘s components are from the originating country to avoid tariffs. But U.K. cars are now just 44 percent British-made on average, according to the Automotive Council.
Such numbers mean auto companies are already bracing themselves for the U.K. to strike post-Brexit trade deals that will most likely require them to source more vehicle parts from within Britain. The demands also show how non-tariff barriers may prove a bigger headache for firms than duties.
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