Jaguar Land Rover in UK pauses shipments to US | Australian Markets

Jaguar Land Rover will pause shipments of its automobiles made in the United Kingdom to the United States for a month, it says, because it considers how to mitigate the associated fee of US President Donald Trump’s 25 per cent tariff.

Jaguar Land Rover, which is owned by India’s Tata Motors, confirmed the non permanent export suspension after the Times newspaper reported the plan.

“As we work to address the new trading terms with our business partners, we are taking some short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans,” JLR stated in an emailed assertion.

The UK’s car industry, which employs 200,000 people immediately, is extremely uncovered to the new tariffs.

The US is the second-biggest importer of UK-made automobiles after the European Union, with practically a 20 per cent share, information from industry physique SMMT reveals.

Jaguar Land Rover, one of the UK’s greatest producers by quantity, stated in its assertion that the US was an important market for its luxurious manufacturers.

It sells 400,000 Range Rover Sports, Defenders and different fashions yearly and exports to the US account for nearly a quarter of gross sales.

The US 25 per cent tariff on imported automobiles and light-weight vehicles took impact on April 3, the day after Trump introduced tariffs on different items from nations throughout the globe.

The UK has stated it’s centered on attempting to secure a trade deal with the US.

The Times stated that Jaguar Land Rover is assumed to have a couple of months’ provide of automobiles already in the US, which is not going to be subject to the new tariffs.