UK-based Jaguar Land Rover says it’s pausing shipments to the US after President Donald Trump imposed a 25 percent tariff on passenger vehicles and other auto imports. The pause will be in effect this month, the reports. While the full impact of the tariffs remains to be seen, the move could ultimately drive up the cost of new and even used cars.
“The USA is an important market for JLR’s luxury brands,” Jaguar Land Rover said in a statement to AP. “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.”
Trump’s tariffs go well beyond the auto industry, and we’re only seeing the beginning of how the US’ trading partners will respond. The president a 10 percent baseline tariff on “all countries” this week, and some will face even higher “reciprocal” tariffs. Among the immediate effects, Nintendo has in the US.
This article originally appeared on Engadget at https://www.engadget.com/transportation/jaguar-land-rover-pauses-us-shipments-while-it-figures-out-a-plan-for-trumps-tariffs-172512506.html?src=rss
Trending Products
Acer Chromebook 314 CB314-4H-C2UW Laptop | Intel P...
Sceptre Curved 24.5-inch Gaming Monitor up to 240H...
Lenovo V14 Gen 3 Business Laptop, 14″ FHD Di...
CHONCHOW LED Keyboard and Mouse, 104 Keys Rainbow ...
