Jaguar Land Rover, UK-based carmaker, suspends vehicle exports to United States. Reason? President Donald Trump’s 25% tariff on imported cars, announced last Wednesday.

Company calls US key market but plans to reassess long-term strategy under new trade terms. Move follows Washington’s Saturday rollout of 10% baseline tariff on all imported goods.

Trump, who once dubbed tariffs “most beautiful word” in vocabulary, doubles down. He urges Americans to “stay patient” amid economic turbulence, promising historic outcomes. US stock market, reeling from worst week since 2020, sees massive sell-off. Yet Trump insists benefits will outweigh short-term pain.

Elon Musk, Tesla founder, slams tariff policy. He warns Tesla’s market value could suffer, pushing instead for zero-tariff system between US and Europe. “Free trade should replace high tariffs,” Musk argues, voicing rare dissent against Trump’s agenda. Tesla, though US-based, faces risks from tariff-hit supply chains.

Read more: United States Erupts in Rage Against Trump: Hands Off Movement Sweeps 50 States

Impact ripples globally. Over 100 nations, including UK and France, grapple with new levies. Leaders vow to counter fallout at any cost. China’s foreign ministry fires back, cautioning Trump against weaponizing tariffs. Jaguar Land Rover’s pause signals broader industry strain—more carmakers may follow, reshaping trade flows fast.