The United States is the second largest import of British -Made cars after the EU, which costs almost 20%.
British company Jaguar Land Rover suspended the supply of its cars in the United States for a month. On Saturday, April 5, the company representatives on Saturday, April 5, reported Reuters.
The reason for this is the costs associated with the introduction of US President Donald Trump 25% of customary tariffs.
Jaguar Land Rover, owned by Indian Tata Motors, confirmed the temporary export suspension.
“Because we work in new trading conditions with our business partners, we are conducting some measures -time, including a shipment pause in April, as we make up our average and long -term plans,” JLR emphasized electronic traffic.
Reuters have indicated that the British vehicle industry, of which 200 thousand people are working, has been significantly damaged by new duties.
Jaguar Land Rover noted that the United States is an important sales market for its luxurious brands. Each year, the company sells 400 thousand Range Rover sports, defenders and other models, and exports to the United States are about a -quarter of sales.
“The 25 percent fee for those who are imported cars and light trucks in the United States entered the force on April 3, the day after Trump announced duties to other goods from around the world. Britain said it focused on attempts to end a trading agreement with Washington. Jaguar Land Rover Company said reserve,” Jaguan Land said.
As we have written, the Global Stock Markets on Thursday, April 3, a negative reaction after US President Donald Trump introduced duties against U.S. trade partners.
Remember that on Wednesday, April 2, Trump announced the introduction of major duties to imported goods. He called it America’s “Day of Liberation”.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.