|
UK-based Jaguar Land Rover says it's pausing shipments to the US after President Donald Trump imposed a 25 percent tariff on passenger vehicles and other auto imports. The pause will be in effect this month, the Associated Press reports. While the full impact of the tariffs remains to be seen, analysts have said the move could ultimately drive up the cost of new and even used cars.
"The USA is an important market for JLR's luxury brands," Jaguar Land Rover said in a statement to AP. "As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans."
Trump's tariffs go well beyond the auto industry, and we're only seeing the beginning of how the US' trading partners will respond. The president announced a 10 percent baseline tariff on "all countries" this week, and some will face even higher "reciprocal"
|
|
The president unleashed a major new wave of import taxes this week, prompting mass alarm and a historic drop in the stock market.
|
|
 If you have an older Apple device that you've been considering upgrading, you're probably wondering how the newly announced tariffs might impact prices going forward, and whether it's worth buying now before there's a price hike.
|
|
From cars to cameras, CNET experts weigh in on what you should consider buying now before tariffs increase prices.
|
|
