Jaguar Land Rover Restarts Car Exports to The U.S.
Image Credit : Reuters
Source Credit : Reuters
Jaguar Land Rover has resumed vehicle shipments to the United States following a temporary pause in response to the tariffs imposed by U.S. President Donald Trump, as reported by London's Times newspaper on Saturday.
According to the report, the initial shipments of JLR vehicles destined for the U.S. departed from Britain on Wednesday after a nearly month-long delay. JLR, a subsidiary of India's Tata Motors, has not yet provided a response to a request for comment from Reuters.
In April, the company announced a temporary halt in shipments of its British-made cars to the U.S. for a month. This decision was made in response to the implementation of a 25% tariff on imported cars and light trucks by the Trump administration, which took effect on April 3. The company is currently evaluating strategies to offset the increased costs resulting from this tariff.
On Thursday, President Trump announced that he plans to mitigate the impact of his proposed auto tariffs by issuing an executive order that combines tax credits with exemptions from other tariffs on automotive parts and materials. This strategic move aims to provide relief to the auto industry while still promoting economic growth and stability.
The CEO of British luxury carmaker Aston Martin, Adrian Hallmark, announced on Wednesday that the company will be sharing the costs of U.S. tariffs with its customers. In addition, Aston Martin will be reducing its U.S. inventory and limiting shipments to the country.
The British car industry directly employs 200,000 individuals. According to data from the industry body SMMT, the United States is the second-largest importer of British-made cars, following the European Union, with a market share of nearly 20%.