The tariffs announced by Donald Trump are beginning to have an effect on the global trade flow of goods.
This Saturday (05), British vehicle manufacturer Jaguar Land Rover announced that it is stopping its automobile exports to the United States. Any automobile imported into the United States from April 2 onwards will pay 25% in tariffs and taxes, regardless of the country or segment.
“Our luxury brands have global appeal and our business is resilient, accustomed to changing market conditions. Our priorities now are to deliver to our customers around the world and understand these new US trade terms,” JLR said in a statement. Meanwhile, President Donald Trump is calling on Americans to “hold firm.”
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