Jaguar Land Rover, a UK-based automaker, has stated that it has no plans to manufacture cars in the US due to the effects of President Donald Trump’s tariffs on the auto sector. Following articles based on comments made by the JLR CEO in the full year earnings media call, we can confirm we have no plans to build cars in the US,” a spokeswoman for the BBC stated.
Following Trump’s initial tariff pronouncements in April, Jaguar, which does not have any manufacturing in the US, suspended shipments to the US until starting up again this month. This week, as Trump’s erratic trade policies continue to affect firms globally, the company joined an increasing number of corporations that have refrained from releasing profit projections.
During his self-proclaimed “Liberation Day” in early April, Trump declared that all UK exports to the US would be subject to 10% tariffs. Later, steel, aluminium, and automobiles were subject to stricter regulations.
However, the United States agreed last week to lower the tariffs on a certain number of British automobiles and permit certain steel and aluminium to enter the nation duty-free. A general 10% duty on imports from nations worldwide still applies for most UK goods entering the US.
Stellantis, the owner of Chrysler, and rival luxury automaker Mercedes-Benz have likewise refrained from making predictions, while Ford stated that the US taxes will cost it around $1.5 billion (£1.13 billion) this year.
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