Jaguar Land Rover has halted all vehicle shipments to the U.S. as it scrambles to adjust to President Trump’s sweeping new tariffs. The company called it a “short-term action” while it reassesses mid- to long-term plans following the 25% tariff on imported cars that took effect Thursday.
The U.S. is the UK’s second-largest car export market, worth over £8.3 billion last year. JLR said the market remains “important” but needs time to “address the new trading terms.”
Markets have tumbled globally since the tariff rollout, with the FTSE 100 dropping 4.9% Friday — its worst day since the pandemic. UK Prime Minister Keir Starmer has ruled out immediate retaliation, saying “a trade war is in nobody’s interest,” but is holding talks with EU leaders over the weekend. Negotiations with the U.S. on a possible trade deal remain ongoing.
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