Jaguar Land Rover has paused exports of vehicles to the US in August because it appraises President Donald Trump’s 25% tariffs.
The US is a vital marketplace for JLR. In 2024 it offered 431,733 vehicles worldwide of which 94,994 went to the US, a development market.
Final 12 months US gross sales rose by 22.5%. China is its largest market accounting for 104,123 gross sales whereas the UK noticed 79,720 gross sales.
In a press release JLR stated: “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.”
The UK authorities is attempting to strike a take care of the US that might keep away from tariffs being carried out. For the UK, the US is the second largest automotive export market after the EU.
Mike Hawes, CEO of the Society of Motor Producers & Merchants, stated: “We hope a deal between the UK and US can nonetheless be negotiated to scale back and even take away the tariff and recognise Authorities continues to work laborious to safe such a deal.
“The trade is already going through a number of headwinds and this announcement comes on the worst potential time.
“SMMT is in constant contact with government and will be looking for trade discussions to accelerate as we need to secure a way forward that supports jobs and economic growth on both sides of the Atlantic.”
