UK automaker Jaguar Land Rover is pausing shipments of its cars to the US following the introduction of tariffs by Donald Trump’s govt. The Coventry, England-headquartered company is putting these exports on hold this month as it looks at ways to address the new trading terms, a spokesperson said on Saturday.
The US govt introduced a 25% tariff on imported cars, which went into effect on Thursday. “The USA is an important market for JLR‘s luxury brands,” the spokesperson said in an emailed statement.
The Times was the first to report the shipment pause.
Jaguar Land Rover sold 430,000 vehicles in the 12 months up to March 2024, of which almost a quarter were in North America, according to its annual report. bloomberg
Trending
- Ex-finance secretary Pandey moves to AIIB as V-P
- ‘Firm linked to exec listed as part of Tata group erroneously’
- Sensex soars, Dalal Street 1st major market to erase tariff losses
- IndusInd Bank: Hit to net worth pegged at Rs 2k crore
- ‘Wait for greater clarity’: US Federal Reserve to hold off altering interest rates
- Wall Street windfall: Trading biz booms amid tariff chaos
- Hermes pips former suitor LVMH in market cap
- Wipro reports 25.9% increase in net profit amid cautious Q1FY26 forecast
- Trump’s tariff blitz on China may have an unexpected winner: India
- Google suspends 2.9 million ad accounts in India citing policy violations, targets fight against AI-generated public figure impersonation scams