The UK’s Motorcycle Industry Association (MCIA) has today written to the UK Government expressing the industry’s concern regarding a potential trade war following the U.S President’s announcement to significantly increase tariffs on steel and aluminium imports to the U.S.
The EU Commission has prepared retaliatory counter measures, which if initiated, have an extremely high risk of negatively impacting a number of MCIA member companies.
Should the situation escalate, there is a strong possibility that the European and UK market will suffer significant damage at a time when Brexit brings enough uncertainty and challenge to the economy.
The MCIA’s position will mirror that of the European trade body, ACEM.
MCIA, ACEM and its members are committed to a free and balanced trading environment to preserve businesses and jobs. The ACEM position can be read in full here.
- The Motorcycle Industry Association represents major manufacturers and importers operating in the UK, as well as accessory and component suppliers/manufacturers and service providers. MCIA members include Honda, BMW, Harley-Davidson, KTM, Suzuki, Yamaha, Triumph, Kawasaki, Ducati and Piaggio. For a full list of members see here.
- ACEM members include 17 manufacturing companies and 17 national industry associations.