Aston Martin will split the costs resulting from U.S. tariffs between the company and its customers, and will sell down its U.S. inventory while limiting shipments there, the luxury carmaker's chief executive said on Wednesday.

The United States account for more than a third of Aston Martin’s total revenue, so the longer Trump’s substantial import tariffs remain in place, the more the 112-year-old luxury brand is likely to suffer since all of its cars are manufactured in the UK.

Aston Martin is limiting exports to the US after President Donald Trump's trade tariffs struck a major blow to European and other global automakers last month.