“Jaguar Land Rover will stop the delivery of its British cars to the United States for a month“-writes Reuters. He adds that a well-known brand is considering how to alleviate the costs of the 25 % duty introduced by President Donald Trump.
Jaguar Land Rover, which is owned Indian dad Motorsconfirmed the temporary suspension of exports after the newspaper “Times of London” was the first to inform about this plan.
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“Working on new trade conditions with our business partners, we undertake some short -term activities, including suspension of deliveries in April, as our average – and long -term plans are developed,” wrote Jaguar Land Rover in a statement.
The British car industry, which employs 200,000 directly people, he is very exposed to new duties. The United States is the second largest importer of cars produced in Great Britain after the European Union, with almost 20 % share.
Jaguar Land Rover, one of the largest British producers in terms of volume, indicated in his statement that the United States is an important market for its luxury brands. I sell 400,000 a year models Range Rover Sports, Defender, etc., and exports to the USA is almost a quarter of sales.
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American duties (25 %) for imported passenger cars and light trucks entered into force on April 3, the day after Donald Trump announced customs duties on other goods from countries around the world.
Great Britain said that she is focusing on an attempt to conclude a trade agreement with Washington.
“The Times” said that Jaguar Land Rover already has several months of reserves of the US cars that will not be subject to new tariffs.
