Toyota's plan to build the GR Corolla at its Derbyshire plant in the UK has created an unexpected problem for British luxury carmakers — one that could push the price of a new Range Rover, Bentley, or Rolls-Royce higher in the United States. The connection isn't obvious until you look at the fine print of the US-UK trade deal signed earlier this year, which puts a threshold on total British automobile exports to America at 100,000 units annually across all manufacturers. Up until that cap, cars are subject to a 10% tariff.
Source: https://www.topspeed.com/a-beloved-japanese-hot-hatch-just-changed-the-tariff-game-for-british-luxury/
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Toyota GR Corolla UK Production Threatens British Luxury Car Tariffs
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Original Source: www.topspeed.com
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