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 Associated Press reports. While the full impact of the tariffs remains to be seen, analysts have said 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 announced a 10 percent baseline tariff on “all countries” this week, and some will face even higher “reciprocal” tariffs. Among the immediate effects, Nintendo has delayed pre-orders of the new Switch 2 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 https://www.engadget.com/transportation/jaguar-land-rover-pauses-us-shipments-while-it-figures-out-a-plan-for-trumps-tariffs-172512506.html?src=rssLogin to add comment
Other posts in this group
The RX1R III is an incredible camera, capable of capturing stunning photos. However, for something Sony waited nearly a decade to update and is charging $5,100 for, it also feels like a missed oppo
Fubo is making a move to attract new subscribers ahead of the NFL season. The company's new Fubo Sports bundle includes content from ESPN, Fox and local affiliates. The football-friendly package co
