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Jaguar Land Rover stops shipments to the United States, where companies begin to feel the immediate effects of the new US tariffs, announced by President Donald Trump earlier this week. The British car maker confirmed that he will “stop” exports while working to “address the new trading conditions.”
The news follows a 25 % tax in all foreign cars imported in the United States and a 10 % wider tariff on global imports, which came into effect on Saturday. “The United States of America is an important market for luxury brands in JLR. We are working to address new trade conditions with our trading partners, we take some short -term measures, including the stopping of shipping in April, and we are developing our plans to the middle of the term,” said a JLR spokesman.
The statement indicates long -term adjustments, indicating that the company does not treat definitions as a short -term disruption.
This announcement came when financial markets interacted sharply on the definitions.
FTSE has recorded 100 worst day in trading since the beginning of the epidemic, with almost all shares in the index.
Rolls -Royce, major banks and mining companies were among the biggest losers.
The Wall Street markets also fell in the wake of the White House announcement on Wednesday, amid fears that measures may lead to broader economic repercussions.
It is understood that Sir Kerr Starmer holds a series of calls with international leaders during the weekend. On Friday, he spoke to the heads of Australian and Italy ministers, where the three agreed that the trade war will be “very harmful”.
“The Prime Minister was clear that the United Kingdom’s response would be guided by national interest. Officials will calmly continue our preparatory work, instead of rushing for revenge,” said a spokesman for the Downing Street.
They added: “This approach discussed with both leaders, admitting that although the global economic scene has shifted this week, it was clear for a long time that the similar countries in thinking should maintain strong relations and dialogue to ensure our mutual security and maintain economic stability.”
