Jaguar Land Rover, one of Britain's biggest carmakers by volume, said in a statement that the U.S. is an important market for its luxury brands. The company sells about 400,000 Range Rover Sport, Defender and other SUV models each year, and exports to the U.S. account for nearly a quarter of sales.
The US imposed 25 per cent duties on imported cars and light trucks from April 3, a day after Donald Trump announced tariffs on other goods from countries around the world.
According to the Times, Jaguar Land Rover has a stockpile of vehicles in the US for a couple of months that will not be subject to the new tariffs. At the same time, the UK said it was focused on trying to strike a trade deal with Washington.
Earlier, it was reported that Volkswagen has temporarily stopped rail shipments of vehicles to the US from Mexico and will detain cars arriving by sea from Europe at the port. According to WSJ, the company is considering imposing an "import levy" on vehicles subject to the 25 per cent tariffs.
Source: Reuters