The cost of owning an American car could become an increasingly competitive issue as the European Union and U.K. reach a tentative deal on how to phase out U.R.O. tariffs on cars manufactured in the bloc.
The pact, expected to be finalized Monday, will be the first of its kind in the world.
The pact is expected to end tariffs on most U.A. cars, which will be exempt from the duties imposed on European cars in a trade dispute between the two countries.
That means European cars made in Ireland will be priced more competitively against cars manufactured overseas.
However, the deal is expected a lot of the U.C.V. cars made here will have to be imported from the U,C.H.V., which means Irish manufacturers will have the biggest financial stake in the deal.
This will make the cost of importing cars in Ireland even more competitive.
The Irish car maker, Hussmann, said in a statement that it “is keen to be part of the solution” of a U.
Hv tariff, which it said would result in a “greater choice of European vehicles in our market.”
The company said it has already started sourcing parts from the EU for its new cars.
The company said its cars are “the first in the U-Hv family” to be manufactured in Ireland.
Hussmann is also the first car maker to export to Ireland, although its cars have not been certified by the European Commission.
Hussman said it was working with the Irish government to find a solution to a potential tariff dispute, but added that it expects to continue exporting cars to the EU.
Huddersfield, Pennsylvania-based Hussmans will produce and sell about 15 million U.U. cars in the European market, mainly in Europe.
The company has a contract with the EU to produce and supply more than 1 million UU cars in Europe annually, including those manufactured in Europe, according to a spokesman.
Huddersfields spokesman, Bill Brown, said the company was working to resolve any possible tariff dispute with the UU.