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U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.

McLaren rolls out new competition-spec 650S GT3

When McLaren rolled out its new 650S, we knew it would only be a matter of time before it would completely replace the 12C altogether. And that would include the racing version – not least because McLaren officials told us as much. And with the Goodwood Festival of Speed now getting underway in the UK, Woking's GT racing division has revealed its new GT3-spec racer. The new McLaren 650S GT3 benefits from several key upgrades over the MP4-12C GT3 that's been competing for the past three seasons in racing series like the Blancpain Endurance Series and GT Asia championship – both of whose standings it currently leads – as well as the Pirelli World Challenge, European Le Mans Series and countless local racing series. For starters, McLaren gave its GT racer a new face that not only more closely resemble the 650S (which, like the previous GT3, is also based on the 12C's chassis) but, along with the rest of the revised bodywork (and some rather intriguing-looking wing mirrors), is also more aerodynamically efficient to provide more downforce, better cooling and less drag. McLaren says the 650S GT3 also has a wider track, revised suspension geometry and will cost privateer teams less to run in whichever series they choose thanks to more robust components and a powertrain that can run longer between rebuilds. The cockpit has also been updated to make it more accommodating for drivers who often have to run it over long distances around the clock. McLaren's familiar 3.8-liter twin-turbo V8 provides the motivation, mated to a six-speed competition-spec sequential gearbox. But while the same engine produces 641 horsepower in road-going spec, the FIA's Balance of Power regulations mandate it be limited to 493 hp. That actually makes it the least powerful model McLaren makes, but then, of course, the same regulations apply to all the cars against which it will be competing, so customer teams will be counting on the other revisions to help them stay at out ahead of GT3-spec versions of models like the Porsche 911 GT3, Aston Martin V12 Vantage, Mercedes-Benz SLS AMG, Ferrari 458 Italia and Bentley Continental GT. McLaren GT says it plans to build 15 examples in time for the start of next season, each selling for GBP330,000 (before tax, or about $560k). However, teams already running the current 12C GT3 will have the opportunity to upgrade theirs to 650S spec as well. Scope out the full details in the press release below.

McLaren confirms 570S coupe for New York debut

As far as building blocks go, McLaren sure manages to make a lot out of what it's got. Take a carbon monocoque, a 3.8-liter twin-turbo V8 and a seven-speed dual-clutch gearbox and you've got the starting point for the MP4-12C, the 650S and the P1 (to say nothing of its various racing models and such). In Geneva it expanded its range even further with the addition of the 675LT and P1 GTR, but it's about to open a whole new chapter next week in New York with the debut of the new Sports Series. The long-anticipated sports car range from Woking will breed a wide range of variants, and McLaren has now confirmed the name and some preliminary details of what we can expect from the first iteration. Called the 570S, the coupe will pack a 562-horsepower version of that turbo eight into its carbon structure with room for two in a "beautiful, aerodynamically optimized form." McLaren also promises "class-leading levels of performance coupled with optimized handling characteristics and driving dynamics." Sounds promising to us, but we'll have to wait another week or so before the Brits are ready to lift the veil entirely. In the meantime you can ogle the latest teaser image above and the brief statement before for a taste of what's to come. Related Video: McLAREN LAUNCHES ITS SPORTS SERIES RANGE IN NEW YORK WITH THE 570S COUPE NEW YORK (March 25, 2015) – McLaren Automotive announces today that the first model in its Sports Series family will be named the 570S Coupe. This V8 powered, carbon fiber-structured two seater will show its beautiful, aerodynamically optimized form for the first time when it debuts at the 115th New York International Auto Show. With the launch of the 570S Coupe, McLaren will display its entire three-tier model line-up for the first time globally. Every Sports Series model will share its DNA with the Super Series and Ultimate Series that sit above it in the McLaren hierarchy. A pure McLaren, offering class-leading levels of performance coupled with optimized handling characteristics and driving dynamics, the 570S Coupe marks the first time McLaren has offered its original and race-derived technologies in the sports car segment. In line with the naming convention that began with the 650S, the number 570 gives away the power output of this first McLaren Sports Series model: 570PS (562HP).