Confused As To Why UK PM Theresa May Is Concerned About Trump’s New Tariffs — UK Hardly Makes Any Cars!
OK. To be fair, Theresa May, the British Prime Minister, did call on Thursday to talk with Trump about tariffs and OTHER matters (e.g., ISIS and N. Korea). So, that was before Trump had explicitly said that HIS TRADE WAR will involve levying a tax on ‘European‘ cars.
It was the TAX on ‘European’ cars — in particular BRITISH cars — that got me thinking … and then rather upset.
We, the Brits, no longer OWN many car brands! All of our ICONIC British cars companies/brands — Rolls Royce, Bentley, Jaguar, Mini, Land Rover — are owned by FOREIGN entities, in some cases the dreaded, despicable Germans!
Aston Martin and Morgan are about the only ones that are not owned outright by foreign companies. This is so sad. Breaks my heart. That Rolls Royce/Bentley are owned by BMW/Volkswagen is beyond the pale and that my beloved Jaguar brand belongs to Indians makes me cringe.
Not sure where they get the $9.8 Billion in UK vehicle exports to the US. That must be the cars shipped from the UK. That does not mean all the money goes to the UK.