Luxury Car Brand Aston Martin Hit by Trump Car Ban

The struggling British luxury car maker Aston Martin has been hit hard by President Donald Trump’s decision to impose 25 per cent tariffs on imports of vehicles and parts to America.

Shares in the company fell 5.57 per cent to an all-time low of 69 and a quarter pence on the London Stock Exchange.

America is the second largest car export market for UK-built vehicles, especially for luxury and premium brands such as Aston Martin, Rolls-Royce, and McLaren.

Shares in Tata Motors, the owner of Jaguar Land Rover, fell 5 per cent in India.

Nissan shares fell 1.7 per cent on Tokyo’s Nikkei index.

Rachel Reeves, the UK Chancellor, told Times Radio that the UK was working on a trade agreement to avoid the tariffs.