UK Business Secretary says the UK will not put tariffs on Chinese vehicles and he will not change trade rules due to EU pressure, according to The Guardian
Every headline is on the live feed 20 minutes before this site.
UK Business Secretary says the UK will not put tariffs on Chinese vehicles and he will not change trade rules due to EU pressure, according to The Guardian
Spanish PM Sanchez is expected to hold an "intense" debate at the European Council over migration, Politico reports citing sources; Sanchez is expected to be combative with Italian PM Meloni on the issue.
French National Rally (RN) leader Le Pen sees the extraordinary political events of late-2026 and 2027 as ushering in significant European change, FT reports. Adds, EU Commission President von der Leyen no longer has the confidence of many EU governments.
On the Newsquawk feed at , 20 minutes before this page.
Context
The remark places the UK on the opposite side of the Chinese electric vehicle tariff question from its largest trading partners, both of which have imposed or escalated duties on Chinese EVs on subsidy grounds. Divergence of this kind is the recurring post-Brexit trade story: London retains legal freedom to set its own tariff schedule but every exercise of it invites friction with Brussels, and comments explicitly rejecting EU pressure are aimed at the domestic political audience as much as at trading partners. The practical transmission channel is the UK auto and parts complex, where cheaper Chinese imports weigh on domestic manufacturers and their supply chains, alongside any retaliation risk to UK exports into China, which in past episodes of trade friction has landed on autos, luxury goods and agricultural products. The distinction worth drawing is between a stated position and a formal decision: verbal commitments not to act have been reversed in comparable episodes once domestic industry lobbying or alliance coordination intensifies, and trade remedy investigations can be opened by complaint rather than by ministerial initiative. The follow-ons are whether Brussels or Washington raise the issue formally, whether UK carmakers press for an anti-subsidy probe, and any Chinese readout on market access. As a ministerial statement rather than a policy instrument, the signal is directional.
Related headlines
- India's trade minister Goyal says that US and India relationship is substantive, consequential and that the US-India relationship will only get better1 hour ago
- China Association of Automobile Manufacturers says committed to backing advancements in China-EU trade and investment talks1 hour ago
- [MARKET ANALYSIS] Oil futures climbed higher after further Saudi-Houthi strikes, while US and Iran both asserted their control over the Strait of Hormuz3 hours ago
- China's Customs Vice Minister says in the first three quarters, China's foreign trade has effectively dealt with various external shocks and China's foreign trade has kept good development momentum3 hours ago
- Vietnam's Deputy PM says Vietnam and the US basically almost completed negotiations for trade deal and Vietnam sent the final text for the trade to the US3 hours ago
- PRE-MARKET CHINESE STOCKS NEWS: Chinese Inflation and Trade Data is Scheduled Today4 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech attempts to nurse some of the recent losses4 hours ago
- CRUDE WRAP: WTI (X6) SETTLES USD 0.40 HIGHER AT USD 94.14/BBL; BRENT (Z6) SETTLES USD 0.96 LOWER AT USD 105.69/BBL10 hours ago
- Indian Foreign Minister Jaishankar says India and US trade talks are heading in the right direction and a deal is currently being ironed out14 hours ago
- US Treasury Secretary Bessent held a call with South Korean Deputy PM; The two officials discussed shared economic priorities and opportunities to strengthen bilateral cooperation.15 hours ago
- BioNTech (BNTX) announced that the AHEAD-MERIT Phase 2/3 clinical trial did not meet its first dual primary endpoint of progression-free survival for the mRNA cancer immunotherapy candidate BNT113 plus pembrolizumab compared with pembrolizumab alone18 hours ago
- Anthropic and OpenAI have reportedly sought significant control over what outside evaluators can publish, highlighting concerns that findings could reveal trade secrets, according to reports19 hours ago
- German government official says the recent EU-China trade agreement is a step in the right direction but does not solve the overall issue of the large deficit20 hours ago
- Danone (BN FP) CEO met with Chinese Commerce Minister Wang Wentao, in which the two exchanged views on Danone's development in China and China-France economic and trade relations21 hours ago
- Western auto executives warned the EU’s deal with Beijing to restrict hybrid vehicle imports into the bloc will offer only “temporary” protection, as Chinese rivals push ahead with their ambitions to expand sales across the continent, according to FT1 day ago
- Taiwan is to impose anti-dumping duties on China's polyamine films1 day ago
- [MARKET ANALYSIS] Asia-Pac stocks suffer amid a tech sell-off1 day ago
- China proposes civil aviation dual-use export rules to facilitate compliant exports for aviation enterprise1 day ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Nanya Technology (2408 TW) expects DRAM prices and margins to rise in Q41 day ago
- Ukraine Foreign Minister says now is the time for real European pressure on Moscow. Not half-measures, but devastating pressure: frozen assets, trade and transit embargoes, maritime bans, entry bans, and other levers.1 day ago
The feed had this first.
Use the Platform