The manufacturer based in the United Kingdom, Jaguar Land Rover, said that he did not intend to produce vehicles in the United States because President Donald Trump’s prices have an impact on the automotive industry.
“By following articles based on the comments formulated by the CEO of JLR during the call of the annual gains media, we can confirm that we do not intend to build cars in the United States,” a spokesman for the BBC told.
Jaguar, who has no factories in the United States, took an expedition break to the country in April after Trump’s first pricing announcements, before reproducing exports to the country this month.
This week, the company has joined a growing list of companies to retain profit forecasts, while Trump’s unpredictable trade policies continue to have an impact on world businesses.
On the day of Trump’s self-proclaimed “liberation day” in early April, he announced that the United Kingdom would be subject to 10% prices on all the goods it exports to the United States. Stricter measurements were then applied to cars, steel and aluminum.
But last week, the United States agreed to authorize a little steel and aluminum in the country without a price and reduced samples from a number of British cars.
A coverage of 10% prices on imports from countries around the world always applies to most British goods entering the United States.
Luxury author Rival Mercedes-Benz and Chrysler owner Stellantis also retained forecasts, while Ford said the US Levies will cost him about 1.5 billion dollars (1.13 billion pounds Sterling) this year.
Outside the automotive industry, well -known business executives have recently warned the impact that prices have on their businesses and the larger economy.
Last month, the giant of Intel technology, the Skechers shoe manufacturer and the Consumer goods company Procter & Gamble either reduced their profit forecasts or withdrew them, citing economic uncertainty.
Meanwhile, the giant of sportswear Adidas warned the import taxes imposed by Trump will result in higher prices in the United States for popular coaches, including Gazelle and Samba.
This month, Barbie Maker Mattel said he would increase the prices of some of his toys in the United States as prices increases.
