British factories warned of chaos under Brussels' ‘made in Europe' plan [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
British factories risk being cut out of EU supply chains under Brussels' “made in Europe” plan , the British Chambers of Commerce (BCC) has warned. The European Union is pushing for new quotas on the use of domestic components in products such as cars, which would end the bloc's traditional reliance on China and the US. However, the new legislation risks damaging British business caught up in the “chaos”, the BCC warned. William Bain, the head of trade policy at the BCC, said the most extreme version of the bloc's “made in Europe” policy could trigger “a chilling effect on cross-border trade and cause chaos for EU-based producers reliant on UK parts and components”. The lobby group called on the Government to urgently negotiate an exemption for British companies. Peter Kyle, the Business Secretary, urged officials in Brussels to classify British companies as European under the new rules. Mr Bain emphasised that the stakes were very high. He said: “The UK Government is v
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- 12/16/25 - Form 6-K
- HMC's page on the SEC website