0609 GMT - Europe's automakers shouldn't get too excited by the tariff carve-out offered for U.K. cars, ING economists caution. Washington and London have reached a framework trade deal that would include an exemption for U.K. cars from a 25% levy imposed on the sector as part of President Trump's package of sweeping import tariffs. Still, most of the British cars sold in America are premium brands like Jaguar-Land Rover, Mini, or Rolls-Royce. That makes the deal tricky to replicate for European autos, which compete more directly with U.S. producers, ING says. "Where deals are done, the import quotas may be less generous than the one agreed with the U.K.," the Dutch bank says.(joshua.kirby@wsj.com; @joshualeokirby))
(END) Dow Jones Newswires
May 09, 2025 02:11 ET (06:11 GMT)
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