Jaguar Land Rover, the British luxury automaker, said Saturday that it was pausing shipments to the United States in April, days after President Donald Trump's auto tariffs went into effect.
The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have manufacturing facilities in the United States and exports all the cars it sells there. In the last three months of 2024, it shipped 38,000 cars to the United States. The Trump administration imposed a tariff of 25% on imported cars as of Thursday.
"The USA is an important market for JLR's luxury brands," the company said in a statement. "As we work to address the new trading terms with our business partners, we are enacting our short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans."
The United States is the largest single-country export market for British cars, with 6.4 billion pounds ($8.3 billion) worth of vehicles shipped there in 2023. That's about a tenth of Britain's overall exports in goods.
The auto tariffs pose a particular challenge for British luxury carmakers, which also include Bentley and Aston Martin, because they sell relatively few vehicles and, therefore, tend to have only a small number of production sites. For them, setting up manufacturing in the United States hasn't been economical, leaving them without an easy way to circumnavigate tariffs. Jaguar Land Rover sells about a fifth of its cars in the United States.
The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have manufacturing facilities in the United States and exports all the cars it sells there. In the last three months of 2024, it shipped 38,000 cars to the United States. The Trump administration imposed a tariff of 25% on imported cars as of Thursday.
"The USA is an important market for JLR's luxury brands," the company said in a statement. "As we work to address the new trading terms with our business partners, we are enacting our short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans."
The United States is the largest single-country export market for British cars, with 6.4 billion pounds ($8.3 billion) worth of vehicles shipped there in 2023. That's about a tenth of Britain's overall exports in goods.
The auto tariffs pose a particular challenge for British luxury carmakers, which also include Bentley and Aston Martin, because they sell relatively few vehicles and, therefore, tend to have only a small number of production sites. For them, setting up manufacturing in the United States hasn't been economical, leaving them without an easy way to circumnavigate tariffs. Jaguar Land Rover sells about a fifth of its cars in the United States.
You may also like
UK weather: Major storm forecast as 'Beast from Europe' will miss just 2 places
Munambam land dispute: Kerala HC stays order quashing appointment of Judicial Commission
'Rs 23 Crore Or 20 Lakh, My Efforts Remains Constant', KKR's Venkatesh On Handling Hefty Price Tag Baggage
Brides 'feel good about their skin' before their wedding day thanks to anti-blemish serum
Black Monday: What happened in 1987 and why stock markets are bracing for similar crash