UK automaker Jaguar Land Rover has resumed shipments of vehicles to the US after pausing them following the announcement of tariffs by President Donald Trump’s government.
The Coventry, England-headquartered company had put shipments on hold in early April as it looked at ways to address the new trading terms. UK peer Aston Martin Lagonda Global Holdings Plc also adapted deliveries in response to the tariffs.
“The USA is an important market for JLR’s luxury brands and 25% tariffs on autos remain in place,” a spokesperson for JLR said in a statement on Saturday. “As we work to address the new US trading terms with our business partners, we are enacting our planned short-term actions.”
The company is developing mid- to long-term plans and will give a further update at its full-year results, which are scheduled for release May 10.
Jaguar Land Rover sold 430,000 vehicles in the 12 months to March 2024, of which almost a quarter were in North America, according to its latest annual report. In January the company posted a 17% drop in quarterly pretax profit.
News of the resumption of shipments was first reported by the London-based Times. Shipments normally take around three weeks to arrive in the US, meaning the first vehicles would reach American ports on about May 20, the newspaper said. –BLOOMBERG
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