Trump’s newly imposed tariffs have shaken the US market from top to bottom. From Bitcoin to Apple, all industries are rethinking about new strategies to deal with the high tariffs. In this league, Jaguar Land Rover (JLR) also announced that this month it will delay shipments to the US. Trump imposed a 25% tariff on imported vehicles, adding $5000 to $10000 to the new vehicles. The automobile company told the Guardian 

“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” 

The company is now working on a new strategy to deal with increased prices of the vehicles. Every year about a quarter of the 400,000 JLR vehicles are sold in US markets. The company currently has enough stocks to sustain two months and it would take 21 days for more to come. 

Trump’s newly imposed tariffs have hit every industry. Recently, Nintendo delayed pre-orders in the US for the much-anticipated Switch 2. The game’s pre-order period was initially planned to begin on 9 April. Currently, there is a continuous indefinite delay to give the company time to assess the financial and logistical implications of enforcing the new trade policies. Trump tariffs also plummeted Nvidia’s stocks. This company saw its stock decline 6.69% this week, bringing the year-to-date losses to almost 25%. Apple was also reported to lose $250 in market value, with shares falling as high as 8.5%.

On Liberation Day, Trump imposed reciprocal tariffs of 20% on Europe, 34% on China, and 32% on Taiwan. Until then, a 10% global base tariff will apply to all nations as of April 5.