For them, setting up manufacturing in the United States hasn’t been economical, leaving them without an easy way to circumnavigate tariffs. Jaguar Land Rover sells about a fifth of its cars in the United States. At the same time, officials are consulting with businesses over the next four weeks on a list of U.S. imports that could face retaliatory British tariffs. Britain’s trade with the United States is heavily skewed toward services. In 2023, Britain imported about £58 billion of goods and exported about £60 billion to the United States, according to the British Office for National Statistics.

Source: The Times April 05, 2025 18:01 UTC