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International Business Times
International Business Times
Business

Starmer Unveils Support For Tariff-hit Auto Sector

Under the new plans, carmakers can fall below the annual target for producing electric vehicles manufactured until 2026, if they make up for that shortfall before 2030 (Credit: AFP)

UK leader Keir Starmer vowed Monday to "shelter British business from the storm" of global economic disruption as he loosened electric vehicle targets for carmakers impacted by US President Donald Trump's tariffs.

The world's auto sector has been hit hard by Washington's sweeping new levies, which impose a 25 percent tariff on vehicles imported into the United States.

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