Jaguar Land Rover (JLR) will pause shipments of its UK-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25 percent tariff.
Jaguar Land Rover, which is owned by India's Tata Motors, confirmed the temporary export suspension after the Times newspaper reported the plan.
Britain's car industry, which employs 200,000 people directly, is highly exposed to the new tariffs. The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20 percent share, data from industry body SMMT shows.
Jaguar Land Rover, one of Britain's biggest producers by volume, said in its statement that the US was an important market for its luxury brands. It sells 400,000 Range Rover Sports, Defenders and other models annually and exports to the US account for almost a quarter of sales.
The US 25 percent tariff on imported cars and light trucks took effect on April 3, the day after Trump announced tariffs on other goods from countries across the globe. (Reuters)