Stockholm, April 3, 2025 (AFP) - Carmaker Volvo to step up US production after tariffs

NAMPA / AFP

2025-04-03

Sweden's Volvo Cars, owned by China's Geely, will increase its production of vehicles in the United States and probably produce an additional model there, following US President Donald's Trump's introduction of tariffs, its CEO told media Thursday. As of Thursday, cars manufactured outside the United States are subject to a 25-percent tariff, while a tariff on spare parts is also set to gradually come into effect. "We will have to increase the nu......

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