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Re: Theresa May must resign
Quote:
Originally Posted by pip08456
Depends on how long and complex the JIT supply chain. I doubt very much they will be using EU manufacturers for their supply chain. Most likely "in house" as they used to or in Japan.
Won't bother the EU though as they don't need the UK and Brexit won't lead to EU job losses.Sarcasm.
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The EU-Japan FTA's tariff reduction on cars is phased over 8-years. From 10%; 8.8% (this year); 7.5%; 6.3%; 5.0% (Swindon closure); 3.8%; 2.5%; 1.3%; 0.0%(yr 2026).
Shipping vehicles across the world even without tariffs is cripplingly expensive, you can just about justify it for high margin vehicles - very difficult with low margin family cars. Even just the cost of "capital on the water" runs in to the hundreds of millions. 6 week shipping time from Japan is nearly £1/4 billion of capital tied up on boats.
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