The British automotive company Jaguar Land Rover (JLR), owned by the Indian car giant Tata Motors, is temporarily suspending exports of its cars to the United States of America. The reason for this was the introduction of new 25 per cent duties on imported cars and light trucks, which came into effect on 3 April at the initiative of former US President Donald Trump.
The company announced the temporary suspension of deliveries on 5 April in a statement to Reuters. JLR stressed that it was forced to take “short-term measures” in response to the changing trading conditions. In April, the company will not supply cars to the US, focusing on adapting its strategic plans.
“We are working on new terms of trade with our business partners. The pause in shipments is a temporary step while we review our medium- and long-term strategy,” the company said in an emailed statement.
The US is one of the key markets for JLR. Every year, the company sells about 400,000 vehicles there, including such models as the Range Rover Sport and Defender. Approximately 25% of JLR’s total sales come from the US market. The US is the second largest importer of British cars after the EU, accounting for almost 20%.
At the same time, the company noted that it has a sufficient stock of cars imported before the new duties came into force. This will ensure sales in the coming months without a significant shortage of models.
In response to the tariffs, the British authorities announced their intention to intensify negotiations on a trade agreement with the US to reduce tensions in economic relations.
Analysts say that the British automotive industry, which employs more than 200,000 people, risks suffering significant losses if customs restrictions are prolonged. The stock market also reacted negatively, with indices of leading automakers falling.
Jaguar Land Rover is temporarily suspending car deliveries to the US due to new duties imposed by the Trump administration. This could hurt the British auto industry, which employs more than 200,000 people.
