April 5 (UPI) – Managers of the car manufacturer in the United Kingdom Jaguar Land Rover suspended expeditions to the United States after President Donald Trump raised prices on vehicles on Thursday.
The automaker announced the stopping of expeditions after Trump has imposed a 25% rate on British automotive imports in the United States and said that it “would address the new commercial conditions,” the BBC reported on Saturday.
Anticipating Trump’s prices on Thursday, Jaguar Land Rover officials prepared his response before Trump’s prices announce.
“Our luxury brands have a global appeal and our company is resilient (and) accustomed to the evolution of market conditions,” Jaguar-Land Rover said on Wednesday.
“Our priorities are now delivered to our customers around the world and attack these new American negotiation conditions,” said the company.
The United States is the second largest export market in Jaguar Land Rover behind the European Union.
British Prime Minister Keir Starmer said his government would continue to negotiate a trade agreement with the United States, but “there will be an economic impact” in the meantime.
“We will continue to negotiate an agreement in our interests,” said Starmer Thursday in an article on X.
“Decisions will only be guided by our national interests and what is best for workers’ safety,” said Starmer. “We will go further and faster on the changes that we have promised to make our economy more resilient.”
Trump said on Saturday that the United States had started an “economic revolution” that it would win. Many nations “have been ill -treated badly,” said Trump in a social article of truth.
“We were the stupid and helpless whip post,” but more, “said Trump.” We put jobs and businesses like never before. “
He said that more than $ 5 billions of new commercial investments in the United States have been announced and that “the final result will be historic”.
Trump announced on Thursday a minimum universal price of 10% on goods imported into the United States with many nations and industries subject to much higher prices.
The 25% price on vehicles and imported parts is part of. The federal policy that Trump has declared that his administration will use to negotiate better trade agreements with the world’s world trade partners.
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