Reported about 19 hours ago
Jaguar Land Rover is halting shipments to the U.S. in April as it navigates the challenges posed by a 25% import tax instituted by the Trump Administration. The company acknowledges the U.S. as a crucial market and is seeking to adapt its strategies while the U.K. automotive sector grapples with declining demand and the transition to electric vehicles. This shipment pause comes at a critical time for British car manufacturers, who have already taken measures to stockpile inventory in anticipation of the tariffs.
Source: YAHOO