21 hours ago
4
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
