America suffered a big blow due to Donald Trump Jaguar Land Rover stopped the supply of luxury cars

The US has suffered a major setback due to President Donald Trump’s new 25 percent import tariff policy. In fact, one of India’s largest auto companies, Tata Motors’ luxury car subsidiary Jaguar Land Rover (JLR) has currently stopped supply of Jaguar and Land Rover cars to America to America.

What is the whole matter?

According to Bloomberg’s report, JLR is temporarily stopping the Shipment of cars to the US from Monday, so that it can find a way to deal with new import tax. Under the new policy of Trump administration, now the vehicles imported in the US will be directly taxed, which has come into force from Thursday.

Jaguar Land Rover has a stock of vehicles for a few months in the US, which will not cost this new tax. But due to the implementation of tax on the new shipment, the company has currently suppressed the stop-button.

What did the company say?

According to The Times report, JLR says that it is re -preparing its strategy in this changed trade environment. The company said in a statement on its website, “Our luxury brands have a global appeal and we are capable of molding ourselves according to the changing markets. At this time we have a priority to provide better service to our global clients and prepare ourselves according to America’s new trading terms.”

Jaguar Land Rover had sold a total of 4.3 lakh vehicles in the last 12 months till March 2024, out of which about 25 percent were sold in North America alone. In January 2024, the company said that its quarter pre-tax profit had fallen by 17 per cent. That is, the company is already in pressure.

Tata Motors has bought the company

Tata Motors bought Jaguar Land Rover in 2008 from the American company Ford. Now that the trade policy of America is getting strict again, it is considered a major setback for TATA and the echo of this shock is not limited to UK or US, it can also affect India’s credibility and strategic investment.

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