Jaguar Land Rover (JLR) is delaying shipments to the US in response to the new tariffs imposed by President Donald Trump.
The 25% tariff on imported vehicles could add $5,000 to $10,000 or more to the price of a new car in the US.
JLR has stated that it is taking short-term actions, including a shipment pause in April, as it develops its mid- to longer-term plans to address the new trading terms.
The US stock market lost $6.6 trillion in two days following the tariffs announcement, and industries are anticipating negative impacts to the cost and availability of various products.