Jaguar Land Rover to suspend American expeditions on prices

Jaguar Land Rover announced that he would “take a break” all expeditions to the United States while it works to “approach the new negotiation conditions” after the prices were imposed earlier this week.

On Thursday, a 25% levy on car imports entered into force, one of the many measures announced by US President Donald Trump who sent shock waves via global supply chains.

The United States is the second largest export market for the UK automotive industry after the European Union.

In a statement, a spokesperson for Jaguar Land Rover said that the company “took short-term actions, including a shipping break in April, while we are developing our medium to longer”.

Coventry -based car manufacturer – which also has sites in Solihull and Wolverhampton – said the United States is an “important market for JLR’s luxury brands”.

More cars have been exported to the United States from the United Kingdom than any other good. During a period of 12 months until the end of the third quarter of 2024, trade was worth 8.3 billion pounds sterling, according to the British trade department.

A first wave of prices on cars entered into force from April 3, with import taxes on automotive parts that should follow next month.

A 10% separate price will be imposed on all other British imports, with higher rates in place for certain other major economies.

Global Stock markets have undergone heavy losses In recent days, when companies are tackling how to adapt to the new commercial environment.

The FTSE 100 – which measures the performance of the 100 main companies listed on the London Stock Exchange – fell 4.9% on Friday, its most steep fall since the start of the pandemic.

Exchanges in Germany and France have also experienced similar declines.

Sir Keir Starmer said the United Kingdom would adopt a calm approach to trade rates and had excluded “jumping in a trade war”.

The Prime Minister spoke to his French counterpart Emmanuel Macron, the first of several discussions planned between Sir Keir and European leaders during the weekend on Saturday.

Downing Street said Sir Keir and Macron had accepted “a business war was in the interest of anyone” but “nothing should be outside the table”.

The Prime Minister warned that the world economy “entered a new era on Thursday” and said that there would be “clearly” an impact on the United Kingdom.

The government consults on the products it could impose reprisal measures, but the talks between the United Kingdom officials and US officials continue from a possible trade agreement that British governments hope that the prices would see the prices.

Sir Keir holds talks with other European leaders to discuss how to respond to the commercial movements of the White House.