India, April 6 -- In a major setback to the US, British luxury carmaker Jaguar Land Rover has said that it will halt all of its automobile exports from the United Kingdom to Washington for a month in protest against President Donald Trump's tariff policies.
This comes as Trump stated in late March that all cars entering the US will be subject to a new 25 percent tax, which took effect on Thursday. On the Liberation Day, Trump announced another round of tariffs and implemented a 10 percent "baseline" tariff on imports. However, much higher "discounted reciprocal tariffs" were applied to other nations, excluding the United Kingdom.
"This is very modest, and what we're going to be doing is a 25-percent tariff on all cars that are not made ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.