Jaguar Land Rover to ‘pause’ US shipments over Donald Trump tariffs

Jaguar Land Rover (JLR) has stated it is going to “pause” shipments to the US because the British automotive agency works to “handle the brand new buying and selling phrases” of Donald Trump’s tariffs.

The US president has launched a 25% levy on all overseas automobiles imported into the nation, which got here into pressure on Thursday.

JLR, one of many nation’s largest carmakers, exported about 38,000 automobiles to the US within the third quarter of 2024 – nearly equal to the quantity offered to the UK and the EU mixed.

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“As we work to handle the brand new buying and selling phrases with our enterprise companions, we’re taking some short-term actions together with a cargo pause in April, as we develop our mid- to longer-term plans.”

The corporate launched a press release final week earlier than Mr Trump introduced a “baseline” 10% tariff on items from around the globe, which kicked in on Saturday morning, on what he known as “liberation day”.

JLR reassured clients its enterprise was “resilient” and “accustomed to altering market circumstances”.

“Our priorities now are delivering for our purchasers around the globe and addressing these new US buying and selling phrases,” the agency stated.

Buying and selling the world over has been hit by Mr Trump’s tariff announcement on the White Home on Wednesday.

All however one inventory on the FTSE 100 fell on Friday – with Rolls-Royce, banks and miners amongst these to undergo the sharpest losses.

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Vehicles are the highest product exported from the UK to the US, with exports value £8.3bn within the 12 months to the tip of September 2024, in response to knowledge from the Workplace for Nationwide Statistics.

For UK carmakers, the US is the second largest export market behind the European Union.

Business teams have beforehand warned the tariffs will pressure corporations to rethink the place they commerce, whereas a report by thinktank the Institute for Public Coverage Analysis stated greater than 25,000 automotive manufacturing jobs within the UK might be in danger.