UK-based Jaguar Land Rover says it’s pausing shipments to the US after President Donald Trump imposed a 25 percent tariff on passenger vehicles and other auto imports. The pause will be in effect this month, the Associated Press reports. While the full impact of the tariffs remains to be seen, analysts have said the move could ultimately drive up the cost of new and even used cars.
“The USA is an important market for JLR’s luxury brands,” Jaguar Land Rover said in a statement to AP. “As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.”
Trump’s tariffs go well beyond the auto industry, and we’re only seeing the beginning of how the US’ trading partners will respond. The president announced a 10 percent baseline tariff on “all countries” this week, and some will face even higher “reciprocal” tariffs. Among the immediate effects, Nintendo has delayed pre-orders of the new Switch 2 in the US.
This article originally appeared on Engadget at https://ift.tt/cZ3Kstbfrom Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics https://ift.tt/cZ3Kstb
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