Jaguar Land Rover warns that Trump tariffs will hit profits
by Julia Kollewe from World news | The Guardian on (#6Y0RQ)
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The British luxury carmaker Jaguar Land Rover has warned of a hit to profits from Donald Trump's tariffs, after the company temporarily paused deliveries to the US.
The carmaker, which is owned by India's Tata Motors, halted shipments to America in April after the US president imposed a 25% duty on all foreign-made vehicles, before resuming them last month. The country accounts for more than a quarter of JLR's sales.
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