UK-based Jaguar Land Rover (JLR) has responded to President Trump's declaration of a hefty 25 percent tariff on all imported cars into America, with the UK also facing a 10 percent tax on all goods shipped to the USA starting from Wednesday,

During the election campaign (and in the years preceding it), Trump repeatedly claimed that the cost of tariffs would be borne by the exporters. But tariffs don't work that way—they're paid by the importer, at the time of import.