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Jaguar Land Rover (JLR) said it will stop shipping to the United States, where the British auto company works to “address the new commercial conditions” of Donald Trump’s definitions.
the US President A 25 % tax was introduced to all foreign vehicles imported in the country, which came into effect on Thursday.
JLR, one of the largest car makers in the country, about 38,000 cars have been released we In the third quarter of 2024 – almost the amount sold to the United Kingdom and the European Union combined.
Follow the live updates: Trump’s primary tariffs are 10 %
“The United States of America is an important market for luxury brands in JLR.
“While we are working to address the new trading conditions with our commercial partners, we take some short -term measures including the stopping of shipping in April, where we develop our plans from the middle of the term.”
The company issued a statement last week before Mr. Trump announced the “basic line” 10 % tariffs on goods From all over the world, which started on Saturday morning, what he called “Liberation Day”.
JLR reassured the customers that its work is “flexible” and “used to change the conditions of the market.”
The company said: “Our priorities are now providing our customers all over the world and addressing these new American conditions for trading.”
Trading all over the world was exposed to Mr. Trump’s introductory at the White House on Wednesday.
All stocks except for one share on FTSE 100 fell on Friday – with Rolls -Royce, banks and miners among those with more severe losses.
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Cars is the highest product from the United Kingdom to the United States, with a value of 8.3 billion pounds in the year to the end of September 2024, according to the data of the National Statistics Office.
For UK auto companies, the United States is the second largest export market behind the European Union.
Industry groups have already warned that the customs tariff would force companies to rethink their circulation, while a Thinktank report of the Policy Research Institute said that more than 25,000 jobs in car manufacturing in the United Kingdom may be in danger.
