Jaguar Land Rover (JLR), the British luxury car manufacturer, announced on Saturday that it will temporarily halt shipments to the United States in April. "In 2023, UK car production fell 13.9% to 779,584 vehicles, with more than 77% of those cars destined for export. To combat the impending tariff impact, UK carmakers, including JLR, have been stockpiling vehicles in the US ahead of the tariff increase. "Despite these efforts, the new tariffs on vehicles could significantly affect the UK car industry's export strategy. However, cars make up a small portion of the overall trade between the two countries, which is dominated by services.


Source:   The Times
April 05, 2025 15:47 UTC