“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,” JLR told The Guardian. The automaker is responding to a 25 percent Trump-ordered tariff on imported vehicles that went into effect Thursday and could add $5,000 to $10,000 or more to the price of a new car in the US.
JLR said this week that its business remains “resilient,” but those living in the town where its cars are made weren’t optimistic, with one telling The Guardian that the tariffs could lead to job losses. About a quarter of the 400,000 vehicles JLR sells every year go to US buyers, as The Sunday Times notes in its own story about the pause this morning. It’s thought that the automaker has enough existing US stock to last about two months, and it would take about 21 days for more to come once shipments resume, the Times writes.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
