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Evening Standard
Evening Standard
National
Holly Williams

EXPLAINED: Jaguar land rover sees profits almost halve after us tariff hit - The Real Truth

Jaguar Land took a hit a hit from US trade tariffs (Jaguar Land Rover/PA) - (PA Media)

Luxury carmaker Jaguar Land Rover (JLR) has seen profits nearly halve after a slump in sales and a hit from US trade tariffs.

The group reported a 49.4% plunge in underlying pre-tax profits to £351 million in its first quarter to the end of June.

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