UK-based carmaker Jaguar Land Rover has confirmed it does not plan to produce vehicles in the US, as President Donald Trump’s tariffs continue to affect the motor industry. A spokesperson stated, “Following articles based on comments made by the JLR CEO in the full year earnings media call, we can confirm we have no plans to build cars in the US.” Jaguar, which currently has no factories in the US, paused shipments to the country in April after Trump’s initial tariff announcements but resumed exports this month. This week, the firm joined a growing list of companies that have refrained from providing profit forecasts due to Trump’s unpredictable trade policies. On Trump’s self-declared ‘Liberation Day’ in early April, he announced that the UK would face 10% tariffs on all goods it exports to the US. Stricter measures were later imposed on cars, steel, and aluminum. However, last week, the US agreed to allow some steel and aluminum into the country tariff-free and reduced levies on a set number of British cars. A blanket 10% tariff on imports from countries around the world still applies to most UK goods entering the US. Rival luxury carmaker Mercedes-Benz and Chrysler-owner Stellantis have also refrained from giving forecasts, while Ford stated the US levies will cost it approximately $1.5bn (£1.13bn) this year. Outside the motor industry, top executives at well-known firms have recently warned about the impact tariffs are having on their companies and the broader economy. Last month, technology giant Intel, footwear maker Skechers, and consumer goods firm Procter & Gamble either cut their profit forecasts or withdrew them, citing economic uncertainty. Meanwhile, sportswear giant Adidas warned import taxes imposed by Trump will lead to higher prices in the US for popular trainers, including the Gazelle and Samba. This month, Barbie maker Mattel said it will increase the prices of some of its toys in the US as tariffs raise its costs.
— new from BBC
