Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge
Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles’ purchase price if there is a no-deal Brexit.
Cars made in Europe could attract tariffs of 10% if imported to the UK under the terms of the World Trade Organization, the default trading relationship if the UK and the EU are unable to agree a transition period before 29 March.
The car industry is particularly exposed to the risk of a no-deal Brexit, because its products attract relatively high tariffs. Companies that manufacture in the UK also face the prospect of disruption to their “just-in-time” supply chains if there are border delays.
Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge | Business | The Guardian
Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles’ purchase price if there is a no-deal Brexit.
Cars made in Europe could attract tariffs of 10% if imported to the UK under the terms of the World Trade Organization, the default trading relationship if the UK and the EU are unable to agree a transition period before 29 March.
The car industry is particularly exposed to the risk of a no-deal Brexit, because its products attract relatively high tariffs. Companies that manufacture in the UK also face the prospect of disruption to their “just-in-time” supply chains if there are border delays.
Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge | Business | The Guardian
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