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EU car rules could block UK exports, industry warns

Created at 1 Jul · 1:06 PM1 source↑ Market-relevant
IN SHORT

The European Automobile Manufacturers Association (Acea) is urging the EU to exempt the UK from new "Made in Europe" rules that require cars and parts to be made within the EU to qualify for subsidies. The rules, designed to counter Chinese competition, threaten to shut out British manufacturers from their largest export market.

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Key Numbers

€1bndaily trade imbalance with China
€400bnforecasted trade deficit with China by year-end

Who's Involved

Acea
European Automobile Manufacturers Association urging EU exemptions
Nick Thomas-Symonds
UK's Europe affairs minister meeting EU trade commissioner
Maroš Šefčovič
EU's trade commissioner discussing UK-EU relations
Mike Hawes
Chief executive of the Society of Motor Manufacturers and Traders (SMMT)
Volkswagen
Proposing job cuts amid trade imbalances with China
Emmanuel Macron
French President whose backing is needed for IAA changes
Friedrich Merz
German Chancellor proposing curbs on Chinese imports

↳ Why This Matters

The EU's new "Made in Europe" rules could significantly disrupt the automotive supply chain, potentially leading to job losses and reduced competitiveness for UK manufacturers, while also impacting European investments and the broader trade relationship between the UK and the EU.

Key facts

  • The European Automobile Manufacturers Association (Acea) is calling for the UK to be exempted from new EU "Made in Europe" rules.
  • These rules require cars and parts to be manufactured within the EU to be eligible for subsidies or public procurement.
  • Acea argues that the UK's integrated automotive value chain with the EU warrants equal status for UK-made components and vehicles.
  • The rules are part of the EU's Industrial Accelerator Act (IAA), aimed at protecting the bloc's industry from subsidized Chinese exports.
  • The Society of Motor Manufacturers and Traders (SMMT) warns that the regulations could effectively block UK-assembled vehicles from the majority of the European market.

New European Union rules designed to protect the bloc's automotive industry from subsidized Chinese exports risk excluding British manufacturers from their largest export market, according to the European Automobile Manufacturers Association (Acea).

Acea urged Brussels on Wednesday to grant the UK, Turkey, and Morocco "justified, targeted exemptions" to the "Made in Europe" regulations. These rules, drafted under the Industrial Accelerator Act (IAA), stipulate that vehicles and parts must be manufactured within the EU to qualify for subsidies or public procurement. The association highlighted the deeply integrated nature of the automotive value chain between the EU and the UK, even after Brexit, and called for UK-made components and vehicles to receive the same status as those produced within the EU27.

Mike Hawes, chief executive of the UK's Society of Motor Manufacturers and Traders (SMMT), echoed these concerns, stating that the rules would "effectively shut out UK-assembled vehicles from most of the European market." He described the potential outcome as "one of the most spectacular own goals in history," given the significant European ownership of UK car plants and the substantial trade in vehicles and parts between the UK and EU.

Several major European automakers, including BMW, Volkswagen, and Stellantis, have manufacturing operations in the UK. Nissan, an Acea member, has reportedly indicated that it might be forced to close its Sunderland factory if the rules are implemented without exemptions. Acea warned that excluding existing factories of its members would strand European investments and weaken the industry's competitiveness at a critical juncture.

The IAA is a key trade tool intended to counter the influx of Chinese components, which industry leaders believe threatens European industrial sovereignty. The EU and China have agreed to enter three months of diplomatic talks to attempt to avert a trade war, following warnings from European trade groups about the potential for domestic industries to be harmed by Chinese competition, a situation being described as "China shock 2.0." Volkswagen's proposal to cut up to 100,000 jobs in Europe underscores the significant trade imbalance, which is running at €1 billion daily in China's favor.

While Acea is heavily influenced by German members, the IAA is largely a French initiative, and any modifications would require the support of President Emmanuel Macron. Germany's Chancellor Friedrich Merz has advocated for measures to curb Chinese imports, blaming an "artificially low" yuan for China's trade surplus.

Frequently asked questions

These rules, part of the Industrial Accelerator Act (IAA), require cars and parts to be manufactured within the EU to qualify for subsidies or public procurement, aiming to protect the bloc's industry from Chinese competition.

The rules apply only to EU members, potentially excluding UK-assembled vehicles and components from the EU market, despite the integrated nature of the automotive value chain between the UK and the EU.

Acea is urging the EU to grant "justified, targeted exemptions" for the UK, Turkey, and Morocco, allowing their manufactured vehicles and parts to be treated equally with those made within the EU27.

The rules are intended to counter the influx of heavily subsidized Chinese exports that are undercutting European products, with the EU and China entering diplomatic talks to avoid a trade war.

What Happens Next

01The UK and EU will continue discussions on the Industrial Accelerator Act (IAA).
02The European Commission will finalize the rules, potentially incorporating exemptions.
03Diplomatic talks between the EU and China will proceed for three months to avert a trade war.

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Cadence

How It Developed

The European Automobile Manufacturers Association (Acea) called for exemptions for the UK, Turkey, and Morocco from new EU rules.
The rules, part of the Industrial Accelerator Act (IAA), require cars and parts to be made within the EU to qualify for subsidies.
Acea stated that the UK's deeply integrated value chain with the EU means UK-made vehicles and components should have equal status.
UK's Europe affairs minister, Nick Thomas-Symonds, met EU trade commissioner Maroš Šefčovič to discuss the IAA.
The Society of Motor Manufacturers and Traders (SMMT) chief executive, Mike Hawes, warned the rules could shut out UK-assembled vehicles from most of the European market.
Nissan reportedly warned it might have to close its Sunderland factory if the rules proceed.
Acea warned that excluding existing factories of its members would strand European investments and weaken competitiveness.
The IAA is intended to curb Chinese component imports, which industry leaders say threaten European industrial sovereignty.

Sources

T1
‘Most spectacular own goal in history’: new EU rules threaten to shut out UK car manufacturersThe Guardian

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