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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.

Aston Martin Valkyrie is set to lose its roof at Pebble Beach with roadster variant

Aston Martin is coming to Monterey Car Week with a new car reveal. The specific model name isn’t explicitly mentioned by Aston, but one look at the “teaser” gives us all the information we might need to suss it out. The Valkyrie is losing its roof for a new Roadster variant that will join the existing hardtop and racing-only AMR Pro model. You must look rather closely at the roof area of the teaser, but upon inspection, the roof of the Valkyrie shown here is missing. Additionally, the doors have a new design to accommodate the missing roof. Instead of opening via the roof in gullwing fashion, they appear to be scissor doors. Beyond these details, weÂ’re left to guess at the rest. The car looks similar to the standard coupe up front, and the convertible appears to keep the roof scoop, too. Aston says the wraps will officially be taken off this new model on Thursday, August 12. After being revealed at a private event, the car will be available to see by invitation-only beginning the following day at the Aston Martin Club 1913. All Aston will say about the model so far is that itÂ’s “a new product from the brand which extends the companyÂ’s performance credentials a step further.” In addition to the new Valkyrie, Aston is also bringing the Valhalla supercar to North America for the first time. You can read all about that mid-engine car here, and then go check it out on Pebble BeachÂ’s 18th fairway. If you want one, Aston just made its production run official — only 999 Valhallas will be built over the next two years. Related video:

Aston Martin DB5 from ‘GoldenEye’ will be auctioned

Think of an Aston Martin DB5 in a Bond film, and you're likely to think of "Goldfinger" — the film and the car are forever linked in cinema history. But it's not the only Bond film with a DB5 chase, as the producers were eager to establish Pierce Brosnan as a credible Sean Connery equivalent, and put him in a DB5 on a mountain road in 1995's "GoldenEye." There was no white Mustang to chase in "GoldenEye," as Brosnan's Bond played with a red, reportedly rented Ferrari F355 driven by Famke Janssen. A few years after the film's premiere, in 2001, the DB5 was sold for $200,000. That doesn't sound fantastical for a Bond car, but at the time it was the most expensive piece of Bond memorabilia ever sold. At the end of the decade, the actual "Goldfinger" DB5 sold for roughly $4 million, which is unlikely to be topped by the "GoldenEye" car this summer. The car is not a barn-find or a lost cinema classic, either, as it has been on display in several museums such as the National Motor Museum in Britain. Bonhams will be auctioning this DB5 on July 13 at the Goodwood Festival of Speed. The car's estimated at $1.6 million to $2.14 million, which is still half or less than half of what the "Goldfinger" car brought in. Still, it's a silver Aston Martin with actual cinema history, and it's believably one of the reasons why restored classic Astons still get resprayed in Silver Birch. Related Video: