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Jaguar Land Rover (JLR) said it would “interrupt” the US transport, as the British car firm is working to “address the new trade conditions of Donald Trump’s rates.
The US president has set a 25% levy on all foreign cars imported into the country, which came into effect on Thursday.
JLR, one of the country’s largest car manufacturers, has about 38,000 cars to the We In the third quarter of 2024 – almost equal to the amount sold to the UK and the EU together.
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In a statement on Saturday, a spokesman for the company behind the Jaguar, Land Rover and Range Rover Brands said: ‘The US is an important market for JLR’s luxury brands.
“While we are working to address the new trading conditions with our business partners, we take some short-term actions, including a shipping in April, while developing our plans for the middle to longer term.”
The company released a statement last week before Mr. Trump has announced a ‘baseline’ 10% tariff on goods From around the world, which kicked in on Saturday morning, on what he calls ‘Liberation Day’.
JLR has reassured customers that its business is “resilient” and “accustomed to changing market conditions”.
“Our priorities are now delivering our clients around the world and addressing these new US trading conditions,” the firm said.
Trade around the world was on Wednesday by the tariff announcement of Mr. Trump hit in the White House.
All but one stock on the FTSE 100 fell on Friday – with Rolls -Royce, Banks and miners among those suffering the sharpest losses.
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Cars are the top product exported from the UK to the US, with export worth £ 8.3 billion in the year to end -September 2024, according to the data of the Office for National Statistics.
For British car manufacturers, the US is the second largest export market behind the European Union.
Operational groups have previously warned that rates will force firms to reconsider where they trade, while a report by Thinktank the Institute of Public Policy Research said that more than 25,000 car manufacturing opportunities in the UK could be at risk.
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