Daily SumUp

Jaguar Land Rover has announced it will "pause" all shipments to the US as it works to "address the new trading terms" after tariffs were imposed earlier this week.

A 25% levy on car imports came into force on Thursday, one of several measures announced by US President Donald Trump which have sent shockwaves through global supply chains.

The US is the second largest export market for the UK's car industry, after the European Union.

In a statement, a Jaguar Land Rover spokesperson said the company was "taking some short-term actions including a shipment pause in April, as we develop our mid to longer-term plans".