Jaguar Land Rover, the British luxury car industry, said on Saturday that it was terminated by the United States in April, days after the entry into force of President Trump’s invoices.
The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have production facilities in the United States and exports all the cars it sells there. In the last three months of 2024, he sent 38,000 cars to the United States. Trump’s administration has imposed a 25 % invoice on imported cars since Thursday.
“The US is an important market for JLR’s luxurious brands,” the company said in a statement. “As we are working to deal with new transactions with our business partners, we introduce our short -term actions, including a cessation of a mission in April, as we develop our media to long -term plans.”
The United States is a country’s largest export market for British cars, with vehicles worth $ 6.4 billion ($ 8.3 billion) shipped there in 2023. It is one -tenth of Britain’s total exports to goods.
Car invoices are a special challenge for British luxury highways, which also include Bentley and Aston Martin because they sell relatively few vehicles and, therefore, tend to have only a small number of production sites. For them, creating a construction in the United States was not economical, leaving them easy to wander the invoices.
Jaguar Land Rover sells about one fifth of his car in the United States. In the financial year that ended in March 2024, it sold about 95,000 cars and reported £ 6.5 billion pounds for sales revenue in the United States. If the company adds the full cost of invoices to its cars, it will add thousands of dollars.
Other British exports to the United States face 10 % invoice, which Mr Trump announced this week in what is called “Liberation Day”. So far, the British government has not reacted and officials have said they are focusing on reaching a trade agreement with the United States focusing on technology. At the same time, officials consult with businesses over the next four weeks on a list of US imports that could face retaliation of British invoices.
The United States is Britain’s second largest trade partner, although trade is easily weakened by the flow of goods and services between Britain and the European Union. Britain’s trade with the United States is strongly distorted to services.
The trade of goods that President Trump focuses on is relatively balance. In 2023, Britain introduced about 58 billion pounds of goods and exported about £ 60 billion, according to the British National Statistics.
The shares of Tata Motors, the Indian parent company of Jaguar Land Rover, decreased more than 9 percent last week and are negotiating at their lowest level since mid -2023.
