Ford fears double hit from no-deal Brexit tariffs

Ford said it will be hit twice by UK tariffs to be imposed in the event of a no-deal Brexit.

Ford, which makes engines in Britain, would be taxed on exporting them to assembly plants in mainland Europe and then face import duties for bringing finished vehicles back to the UK for sale.

Rivals that build engines elsewhere and then ship them to the UK for assembly, by contrast, would incur no charges thanks to a tariff-free regime that Prime Minister Theresa May’s government plans to offer for auto-component imports. And the same companies could then satisfy the demands of the local market direct from their British plants, also tariff free.