levy

Would that be the 35% levy on Canada of a Friday?

Markets have largely taken trade levies in their stride but the Supreme Court could add a new twist to the tariff drama and that will have a mixed impact.

In early October, it proposed hiking levies on steel imports to 50 percent and slashing the volume allowed in before tariffs apply by 47 percent.

The U.S. in April imposed a 25% tariff on top of the 2.5% levy already in place on finished foreign-made cars, a move aimed at narrowing a trade deficit and bringing manufacturing back home.

With pressure on the chancellor to find tens of billions of pounds in additional revenue, the BBC understands there have been "conversations" within government about the possibility of a new levy on EVs.