Jaguar Land Rover pauses car shipments to US due to Trump's 25% import tax

From Yahoo Finance: 2025-04-05 09:21:00

Jaguar Land Rover halts car shipments to the U.S. due to 25% tax on vehicle imports imposed by President Trump. Other British carmakers expected to follow. U.K. car production dropped 13.9% last year, with most vehicles exported. Industry facing declining demand and need to transition to electric vehicles.

U.K. carmakers like JLR building stockpiles in the U.S. before tariffs took effect to lessen immediate impact. Exports to the U.S. surged in December, January, and February. British carmakers shipped $10.7 billion worth of vehicles to the U.S. in the 12 months through September, with cars being the biggest goods export.

Cars account for a small portion of overall trade between Britain and the U.S., which is mainly focused on services. Britain exported $231.2 billion of goods and services to the U.S. in a year through September, with services making up 68.2% of that figure. Tariffs impacting jobs and economic growth on both sides of the Atlantic.

Read more: Jaguar and Land Rover maker pauses shipments to US as it develops post-tariff plans