Market Chatter: EU Reportedly Tells UK to Join Customs Union, Increase Tariffs on Chinese Cars

05:08 AM EDT, 09/25/2026 (MT Newswires) -- The European Union told the UK its best solution to secure equal treatment for British products would be to join the bloc's customs union, London's Financial Times reported Friday, citing two people familiar with the matter. Brussels said London would also need to increase tariffs on Chinese cars to avoid problems caused by the "Made in Europe" policy, designed to favor EU manufacturers on subsidies and public procurement to protect local manufacturing from global competition like China, according to the report. The European Commission had no comment, while the UK government did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)