UK import tariffs on German-made cars will rise by around 10%, while trucks and pick-up vehicles will face increased levies of 22%, if the UK crashes out of the EU with no deal, warned the German Association of the Automotive Industry. The association said that a “no-deal” Brexit would mean higher prices for consumers in Britain as well as lower sales to foreign buyers.
UK import tariffs on German-made cars will rise by around 10%, while trucks and pick-up vehicles will face increased levies of 22%, if the UK crashes out of the EU with no deal, warned the German Association of the Automotive Industry. Car exports accounted for €230bn ($261bn) in total sales in 2018, while the UK was Germany's third-largest car export market, worth €22.5bn, according to data from the Federal Statistics Office.