Jaguar Land Rover, a car manufacturer based in the UK, has made it clear that they have no intentions of manufacturing vehicles in the United States. This decision comes as a response to President Donald Trump’s tariffs, which have had a significant impact on the automotive industry. The company’s spokesperson confirmed this stance following comments made by the JLR CEO during a recent media call discussing full-year earnings.
Despite not having any factories in the US, Jaguar had to pause shipments to the country back in April when Trump first announced tariffs. However, the company has since resumed exports to the US. This move aligns with Jaguar’s decision to steer clear of US-based production. As Trump’s trade policies continue to create uncertainty and unpredictability in the business world, many companies, including Jaguar Land Rover, have chosen to withhold profit forecasts.
In early April, President Trump declared a ‘Liberation Day’ and announced 10% tariffs on all goods exported from the UK to the US. Subsequently, more severe measures were implemented targeting cars, steel, and aluminum. However, some concessions were made last week, with the US agreeing to allow certain British steel and aluminum imports tariff-free, and reducing levies on a select number of British cars. Despite these adjustments, a blanket 10% tariff on most UK imports into the US remains in place.
Luxury carmakers like Mercedes-Benz and Stellantis, as well as Ford, have also refrained from providing profit forecasts due to the impact of US tariffs. Beyond the automotive industry, executives from various well-known companies have vocalized concerns about the effects of tariffs on their businesses and the broader economy. With economic uncertainty looming, companies like Intel, Skechers, Procter & Gamble, Adidas, and Mattel have all made adjustments such as cutting profit forecasts, warning of price increases, or planning to raise prices in response to tariffs imposed by the Trump administration
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