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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.

This never-registered 1997 McLaren F1 is for sale, if you have the cash

As many of you readers may know, when it comes to Hot Wheels and Matchbox cars, they're always worth more over time if they remain in their protective packaging – especially rare or unusual models. Clearly the person that ordered this 1997 McLaren F1 had that mindset, and we wouldn't be surprised if the same principle will apply to this car. This 1997 McLaren F1, previously reported on by Autoweek and being sold by U.K. dealer Tom Hartley Jnr, is remarkable because it has just 148 miles on the odometer, which the dealer claims is the lowest of any F1 in the world. Apparently the owner didn't even register the car for driving on the road. Not only that, but the car is basically in the condition it was in when it left from the factory. Everything on it is well-preserved because nothing has really been used, and everything is still carefully wrapped up in its protective packaging. The dashboard, floors and seats are all lovingly (obsessively?) taped up in foam and plastic. The floor mats are still in their plastic wrap, never having been used. The same goes for the car's fitted luggage and specially ordered F1 LM-style exhaust and F1 GTR-style suede removable steering wheel. Of course other trinkets remain with the car, too, but have since lost their protective trappings. The car comes with the matching Tag Heuer watch with the car's serial number on it, the complete tool cabinet, on-board tool roll and build book. The car was built for a buyer in Japan. Amusingly, this car is listed as a "right-hand drive" model for that market, which is irrelevant considering the car's center driver's seat. One other custom touch to the car besides the exhaust and steering wheel is the carbon fiber seat with yellow center accents. Tom Hartley Jnr does not have a price listed for this F1. We're willing to bet that the dealer will be expecting some extraordinary offers, though. Recently, the first McLaren F1 imported to the U.S. went for the whopping cost of over $15 million. That car was likely boosted by provenance and the inclusion of unique U.S. homologation parts, but it also had seen plenty of use with an odometer that had clicked over 9,600 miles. Though this yellow model doesn't have special history like that one, the fact that it's effectively a new car as delivered from the factory should make it extremely valuable. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Oregonians use supercar collection to make sick children smile

Portland, Oregon couple Eric Peterson and his wife Amity own ten exotic cars and, said Amity, they "didn't want the cars to sit." Instead of the random track day or regular trips to Cars 'n' Coffee, they started a project called Dream Drives for Kids, which brings ill youngsters to the Peterson garage and takes them for a ride in the car of their choice. The couple aims to take a new kid for a ride every week. Portland's KGW news covered the project while a four-year-old named Gideon, who has a rare childhood melanoma, stopped by for a jaunt in a McLaren MP4-12C. And Gideon's a champ in his own right: the kid likes cars so much he would take Hot Wheels to other sick children in the ward, and he gave the Petersons a box of Hot Wheels gift sets to give to other children when they come for rides. You can watch the heartwarming segment in the video above. News Source: Eric Peterson via YouTube, Motor Authority McLaren Coupe Luxury Performance charity portland