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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.

Historic cars — and a Spitfire fighter plane — go on sale in Britain

An assortment of somewhat eccentric but ultimately appealing vintage collectors’ machinery, topped by a 1983 Lancia Rally “Evoluzione” and featuring Porsches, Bugattis and even a Spitfire fighter plane from World War II, will go to auction in Britain next month. The event, organized by the Bonham/Cars auction organization and scheduled for September 9-10, is formally called the “Revival Sale,” to be held on the grounds of Goodwood, site of the famous track southwest of London. Cutting to the chase, hereÂ’s a look at some of the highlights noted by BonhamÂ’s that are expected to attract substantial bidsÂ…plus thereÂ’s the airplane as the cherry on top. —1973 3-liter Martini Racing Works Team Porsche Carrera RSR 'R7' Endurance Racing Coupe (estimated bid, $4.7 million to $7.25 million.). ThatÂ’s quite a name for quite a race car and a veteran of the 24 Hours of LeMans in 1973. The carÂ’s background goes back to the previous year, when Porsche launched its new 911 Carrera model with engine capacity raised from 2.4 liters to 2.7. A batch of 500 lightweight-bodied 911s was built to achieve governing-body sporting acceptance (homologation) of the new variant. Three versions were offered – the RS (RennSport), RST (touring) and the ultimate racing RSR, of which this 'R7' is one of only four such works team cars to have survived. ItÂ’s also one of only a few cars to wear the classic Martini Racing livery with its dark-blue and red striping upon a German-silver background.  —1967 Toyota 2000 GT (estimate: $835,000-$1.1 million) in Pegasus White is believed to be first acquired by the owner of Toyota Mozambique and was one of only two cars imported to the East African country. Known for its precise engineering and impeccable quality, this Japanese halo car was one of only 351 built in 1967-1970. Over the years, the GT's exterior and interior have been preserved and an engine rebuild was undertaken. It was awarded "Best in Show" at the London Concours in 2022. — 1986 Aston Martin Virage Coupe Prototype (estimate: $315,000 - $440,000). This is a two-door prototype of the company's mainstream model of the 1990s, the Virage. In 1990, the vendor received factory approval to strip down the chassis and rebuild it to his 6Â’3” height.

Aston Martin updates Vanquish, Rapide S for 2015 [w/videos]

For such a small company, Aston Martin certainly keeps busy. Having already previewed its new V12 Vantage S Roadster ahead of its Pebble Beach unveiling, the British marque recently confirmed the arrival of a new Lagonda super sedan. But now it's turning its attention to its two flagship production models with a series of upgrades. The enhancements to the 2015 Vanquish (both coupe and Volante convertible) and Rapide S sedan center around the inclusion of the new Touchtronic III eight-speed automatic gearbox that brings with it enhanced performance, efficiency and comfort. Along with reprogrammed Bosch electronics, the new transmission and updates net a 3-horsepower boost in Vanquish (bringing output up to 568 hp) and 2-hp boost in Rapide S to 552. Torque rises to 465 pound-feet in both, along with revised stability control and steering systems. Upgraded dampers on the Vanquish are 15-percent stiffer up front and 35-percent firmer in the rear, while the Rapide S gets larger front brakes. The result of this suite of minor updates results in a rather substantial performance boost. According to Aston, the upfittings cut a good half-second off the 0-60 sprint for both models: the Vanquish drops from 4.1 seconds to 3.6, and the Rapide S from 4.7 seconds to 4.2. Additional visual enhancements to differentiate the new models are limited to new wheels, paint options and interior trim, the details of which you can scope out in the press release and pair of videos below. DYNAMIC ENHANCEMENTS FOR ASTON MARTIN VANQUISH AND RAPIDE S - Acceleration, top speed, emissions and economy improve significantly - Debut of state-of-the-art eight-speed Touchtronic III automatic gearbox - New engine management system, enhanced trim and specification options 6 August 2014 - Aston Martin is today revealing details of a raft of important enhancements to two of the brand's most popular and successful sports cars: the Vanquish ultimate GT and Rapide S four-door, four-seat, sports car. With the arrival of 15 Model Year (15MY) cars in markets around the world over the next few months, the luxury British brand is offering not only considerably enhanced performance and much-improved fuel economy and emissions, but also an even more honed, precise and responsive driving experience.