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The auto industry has warned that employees of high -end auto factories in the United Kingdom can lose their jobs unless the government interferes with financial assistance such as vacation plans to compensate for Donald Trump’s tariff.
Mike Hazi, CEO of the Association of Automotive Manufacturers and Traders, said, said Definitions It had a “severe, important and immediate” effect on the luxurious Marquez like Aston Martin and Benteli, Jaguar Land Rover and McLaren dependent on the wealthy wealthy consumers.
Britain Auto It relies heavily on exports to Europe, but it is also exposed to the tariff imposed by the American president by 25 percent on everyone’s imports Foreign -made cars Because the United States is the largest high -end brand market in the UK.
Hosh told the Committee for the Committee for the House of Commons that some of the most expensive car makers of small size depend on the United States by 30 percent to 50 percent of their exports.
SMMT MPS president told people who bought luxury cars were advanced consumers, and they will not necessarily pay the additional costs of vehicles as a result of tariffs.
“The assumption is that if you can carry £ 200,000 for a car, you can carry 250,000 pounds for a car, but these individuals of high value can see what is happening,” he said.
“They see that their car can be 25 percent more expensive, so it will stop, and will stop temporarily, it is an estimated spending … You will see the request books dry immediately.”
Hawaz said that car makers will try to introduce their current stock in the United States as soon as possible, but it will be “weeks instead of the most famous” before they have to make difficult decisions even if the “last resort” operations are.
He told deputies that it is very important for the United Kingdom to obtain a “very quickly” commercial deal with the United States that supported the auto industry.
The alternative was for the ministers to reach a new “mechanism”, citing a kind of vacation scheme that was presented during the Corona virus pandemic five years ago.
“There are a number of things that you can look at, any way to support work,” he said.
He said that the alternatives to ministers can be to provide national insurance or VAT holidays – or encourage more temporary flexibility than HM revenues and customs – for some car makers.
“The ministers are right to throw everything to secure an American commercial deal to stop this real and present danger – but hope is not a plan,” said Liam Bernin, head of the Labor Committee.
“We must be prepared with a large and bold lifeline for world -class auto manufacturers: incentives to boost sales in the UK, a raid company to reduce the costs of energy and support targeted to maintain our sources in the race.”
JLR has Hanging shipments For the United States, while Aston Martin said it hoped to transfer some cost of customs tariffs to consumers. People close to the company said that Aston Martin expects up to 30 million pounds in achieving his total profit as a result of American definitions, which may give all the profits analysts who were expecting this year.
According to the Public Policy Research Institute, more than 25,000 direct jobs in the UK are at risk if exports to the United States decrease.
Even before the American definitions, car makers were struggling with the heavy investments they made in electric cars and slow car sales in Europe. Ford said last year that it would reduce 800 jobs in the UK, while Malik Foxaol Stelliante announced his plans The Van Factory closed In Loton, about 1,100 jobs are at risk.
Meanwhile, Stephen Vipson, head of the UK’s manufacturing trade group, told the committee that companies are developing emergency plans to deal with the potential decrease in trade resulting from the Trump tariff.
Vipson said that the sectors facing the most difficult challenges as a result of American tariffs were steel and cars.
He said: “We do not know from day to day.
He said he supported the efforts of the ministers to conclude a commercial deal.
“Many manufacturers make temporary emergency plans in the hope that in the next month or two, we can get some meaning and do not have to do the next level.”
When Bern said this seems “like the people who are demobilized,” Vipson said: “This will be the final result of a large reduction in size, completely right, yes.”
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