Jaguar Land Rover (JLR) announced a pause in US shipments as it navigates the implications of the recently imposed 25% tariff on imported vehicles by President Trump. This decision reflects concerns about job impacts in local manufacturing communities, despite JLR's assertion of business resilience. The company's US stock is expected to last two months before needing to replenish. Similar reactions were noted in other industries, highlighting widespread apprehension about cost increases and shortages resulting from the tariffs, which have already affected various products in the market.
"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."
"Our business remains resilient, but those living in the town where our cars are made weren't optimistic, with one saying the tariffs could lead to job losses."
"It's thought that the automaker has enough existing US stock to last about two months, and it would take about 21 days for more to come once shipments resume."
"Industries are bracing for negative impacts to the cost and availability of just about everything, including the high-powered GPUs used by AI companies, gadgets of all types, and even board games."
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