European vehicles that are imported into the U.K. may be subject to a 10 per cent import tariff next year unless a free trade agreement is reached with the European Union. The U.K. is planning to default to World Trade Organization rules as of January 2021. “In most cases, the bill for this will likely be footed by British motorists buying European cars rather than manufacturers,” said Auto Express. (Source: Auto Express) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
Donald Trump’s tariffs on Canadian steel and aluminum imports into the United States increased to 50 per cent on Wednesday, after he signed an executive order on Tuesday to raise the levies from 25 per cent. The tariff increase applies …
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Automotive industry players in Canada likely heaved a sigh of relief after the federal government announced trade talks between Canada and the United States will resume. Both parties are eyeing a deal by July 21. It was not Canada’s automotive …
Go Auto has acquired two new dealerships in Richmond, B.C.: Go Richmond Subaru (formerly Richmond Subaru) and Go Richmond Kia (formerly Kia Richmond). “These acquisitions further solidify our presence in the Greater Vancouver Area and align with our strategic goal …