Jaguar Land Rover says it will pause all shipments to the US in its bid to address the new trading terms following imposition of new tariffs on Thursday.
A 25% tariff on car imports was one of several measures announced by US President Donald Trump, sending shockwaves through global supply chains.
The US is the second largest export market for the UK’s car industry, after the European Union.
In a statement, a Jaguar Land Rover spokesperson described April shipment pause as one of the company’s short-term actions, as it develops mid to longer-term plans.
More cars are exported to the US from the UK than any other good.
In a 12-month period up to the end of the third quarter of 2024, the trade was worth £8.3bn, according to the UK trade department.
An initial wave of tariffs on cars came into effect from 3 April, with import taxes on auto parts due to follow next month.
https://en.m.wikipedia.org/wiki/Jaguar_Land_Rover
A separate 10% tariff will be imposed on all other UK imports, with higher rates in place for some other major economies.
Global stock markets have incurred heavy losses as firms struggle to adapt to the new trading environment.
