Sunday, June 22, 2025

Jaguar Land Rover to pause car shipments to US after Trump’s tariffs

Date:

UK automaker Jaguar Land Rover is pausing shipments of its cars to the US following the introduction of tariffs by Donald Trump’s government.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 government introduced a 25% tariff on imported cars, which went into effect on Thursday. The Jaguar Land Rover move is the latest example of the global fallout from the policy, with other automakers also rethinking their business strategies.
“The USA is an important market for JLR’s luxury brands,” the spokesperson said in an emailed statement. “We are enacting our short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.”The Times newspaper first reported 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 latest annual report. In January the company posted a 17% drop in quarterly pretax profit.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Iran says ‘no signs of contamination’ after US strikes nuclear facilities

Iran said early on Sunday (June 22) there were...

ITR 2025: How tax calculator can help you file your return with ease?

Income Tax Return (ITR): Before filing income tax return,...

US attacking Iran nuclear sites leaves Oil prices primed for a surge

The US has attacked Iran's nuclear facilities on Sunday,...

Tehran’s atomic agency says attacks on three nuclear sites were ‘savage’

Israel Iran War Live Updates: United States President Donald...