Jaguar Land Rover has paused all vehicle shipments to the United States in response to the newly imposed tariffs under Trump's trade policies. This temporary measure, effective April, aims to facilitate assessments of the tariffs' impacts and to develop strategic plans moving forward. The automotive industry in the UK is particularly concerned, with fears regarding potential job losses in manufacturing hubs like Solihull, raising alarms about the economic future and workforce stability amid global market volatility.
The USA is an important market for JLR's luxury brands. 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.
I'm appalled. It will kill Jaguar Land Rover here in the town. There could potentially be job losses because JLR export enormously to America. The knock-on effect is going to be enormous.
Trump's policy shift has stunned markets, with global equities sliding and major indices posting their worst day of trading since the pandemic.
The tariff package includes a 20% levy on EU goods and 34% on Chinese imports, prompting Beijing to retaliate with matching tariffs on US products starting 10 April.
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