UK carmaker Jaguar Land Rover says it’s "pausing" shipments to the US as it really works out a method to take care of Donald Trump’s 25% tariffs on automobile imports to the US.
It is simply one other instance of the fallout the tariffs are having on each the worldwide economic system and native communities, with automobile staff and people concerned within the provide chain nervous about their jobs.
The US president introduced a wave of commerce tariffs this week, with the UK hit by a base price 10% cost on all items imported into the US.
That triggered world turmoil on the markets, with the FTSE 100 recording its worst day of buying and selling for the reason that begin of the pandemic.
Read extra: https://news.sky.com/story/tariffs-latest-trumps-10-worldwide-tariff-kicks-in-as-world-leaders-hold-talks-over-response-13209921
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