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
Disney and the British free-to-air broadcaster ITV have launched a new partnership that will allow them to show each other’s shows in an effort to reach new audiences. ITV viewers will be able to w
Earlier this week, Grok, X's built-in chatbot, took a har
For many, summer means it's time to grill outdoors. But cooking inside does at least mean you’re likely to deal with fewer bugs. It also makes it easier to try out new kitchen equipment, such as a
Amazon's Prime Day is
