US Commerce Department to issue its guidance on whether auto imports endanger US national security enough to justify import taxes.
The defeat is symbolic rather than binding, but shows how weak the British PM’s hand is.
Once surging sales to EU, the industry’s biggest export market, fell by 8.7% from July through November.
Germany, Italy and the Netherlands all saw sizeable downgrades for their growth outlook.
British economy is set to grow at its slowest rate since the global financial crisis.
Japanese automaker will not build the X-Trail model at its existing UK plant in Sunderland.
Manufacturing firms stockpiled goods at a record rate in January to prepare for potential Brexit disruption to trade.
Critics of law maintained dispute settlement clauses would give too much power to multinationals at cost of independence of EU member states.
“Please don’t listen to the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we will always be here,” Tom Enders said. “They are wrong.”
Brexit Plan B looks an awful lot like Plan A.
No radical changes expected, though she may seek alterations to an insurance policy known as the “backstop.”
Many lawmakers think a “soft Brexit” that kept Britain in the EU’s single market or customs union is the only plan capable of winning a majority in Parliament.
Britain’s PM is caught between the rock of her own negotiating red lines and the hard place of a Parliament that wants to force a radical change of course.
The House of Commons’ 432-202 vote against May’s plan was widely expected.
Trans-Atlantic relations have steadily worsened since Trump became president two years ago.