NAA Update: Tariffs on car exports from the UK to the US to reduce from 27.5% to 10%
The US is our second most important market for car exports, so an agreement to reduce tariffs is great news for consumers and the industry.
Welcome to this month’s newsletter and I hope you are all keeping well.
Let’s start with some good news for our sector, as this week the country forged closer ties with two long-standing partners, the US and India. In turbulent times, and given the export-led nature of the UK sector, stable trade relationships are a pre-requisite for the industry to succeed globally. The US is our second most important market for car exports, so an agreement to reduce tariffs is great news for consumers and the industry, providing much needed relief and paving the way to greater opportunities for mutual growth.
Car export tariffs will reduce from 27.5% to 10% – saving hundreds of millions a year for Jaguar Land Rover alone. This will apply to a quota of 100,000 UK cars, almost the total the UK exported last year.
The government has worked quickly and tirelessly with US counterparts, and immense efforts have also gone into securing this week’s landmark deal with India, the result of three years of complex negotiations. While it likely features some compromises, the agreement is a historic step towards strengthening already close British and Indian ties in automotive trade and investment.
Moving on to the membership side, we welcome three new members this month:
Bear Safety (a part of GearbyBear) – specialising in proactive lighting solutions and safety barriers for plant-people, plant-vehicle and plant-plant conflicts. Bear Safety also offer a range of products and services, including projected markings, safety barriers, and automation safety solutions.
Gatsby Charitable Foundation – the foundation was set up by Lord David Sainsbury to realise his charitable objectives. Gatsby Education’s purpose is to strengthen science and engineering skills in the UK by developing innovative programmes and informing national policy.
Kattrapin Technologies – a provider of technical documentation and animation, customised applications and platforms, and training and consulting services.
We will hear more from our new members in the coming weeks.
SAVE THE DATE: The NAA Annual Networking Dinner & Business Awards will take place on 18 September at Crewe Hall, Cheshire.
We are pleased to announce that the NAA Business Awards are now OPEN, with two new categories for 2025! For full details, see later in the e-news.
Finally, if any of your colleagues aren’t receiving this e-news, and you think it may be of interest to them, please ask them to sign up with Zoe.
Paul Jones
NAA CEO
