Jaguar Land Rover restarts car exports to the US
The first shipments of JLR vehicles bound for the US for almost a month left Britain on Wednesday, the report said.
A JLR spokesperson said in an emailed statement that the US is a key market for its luxury brands, with 25 per cent tariffs on autos still in effect.
"As we work to address the new US trading terms with our business partners, we are enacting our planned short-term actions, as we develop our mid- to long-term plans. We will give a further update at our full year results in May," the statement added.
JLR, which is owned by India's Tata Motors, said in April that it would pause shipments of its Britain-made cars to the US for a month as it considered how to mitigate the cost of Trump's 25 per cent tariff on imported cars and light trucks, which came into effect on April 3.
Trump said on Thursday he will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials.
British luxury carmaker Aston Martin's CEO Adrian Hallmark said on Wednesday it would split the costs from US tariffs between the company and its customers, and sell down its US inventory while limiting shipments there.
Britain's car industry employs 200,000 people directly. The United States is the second-biggest importer of British-made cars after the European Union, with a near 20 per cent share, data from industry body SMMT shows. (Reporting by Rishabh Jaiswal and Rajveer Singh Pardesi in Bengaluru Additional reporting by Bipasha Dey Editing by Andrew Heavens and Frances Kerry)
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The Star
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