Luxury car manufacturer Aston Martin is putting a limit on exports to the US in response to President Donald Trump’s tariffs.

The company made the decision after posting narrower-than-expected first-quarter losses and hopes that Mr Trump will ease his 25% levy on all auto and parts imports to the US.

In a statement, Aston Martin said: “We are carefully monitoring the evolving US tariff situation and are currently limiting imports to the US while leveraging the stock held by our US dealers.

“We remain vigilant in monitoring events and will respond to changes in the operating environment as they materialise.”

The company reported an adjusted pre-tax loss of £79.8m for the three-months to 31 March compared with £110.5m a year ago, and consensus estimates of £89m.

“In the year ahead, we will complement the core portfolio through the delivery of further derivatives including the DBX S, which expands our SUV range and offers customers even more power, reduced weight and a more assertive design,” said chief executive Adrian Hallmark.

“We are now in the final testing phase of the groundbreaking supercar, Valhalla, our first mid-engined Plug in Hybrid Electric Vehicle, with deliveries set to commence in H2.”