Toyota, Nissan ask Britain to cover tariffs if no FTA made with EU

Toyota Motor Corp. and Nissan Motor Co. have asked the British government to cover the cost of extra tariffs if the country is unable to reach a post-Brexit trade deal with the European Union by the end of the year, sources familiar with the matter said Monday.The major Japanese automakers, both operating plants in Britain, fear the European Union will impose a 10 percent tax on automobile imports if the country's transition period from the bloc ends without a free trade agreement.The demand from the automakers can also be seen as an effort to pressure the government, struggling to reach a …READ FULL ARTICLE