Volvo Cars CEO: customers will foot the bill for tariffs
Volvo Cars’ newly-returned Chief Executive, Håkan Samuelsson, has warned that US tariffs of up to 50% on European imports, proposed by President Trump on 23 May, would significantly impact the company’s operations and force customers to bear much of the added costs. The tariffs, set to begin 1 June, could make it all impossible to import Volvo’s Belgian-made EX30 electric vehicle to the US.
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Originally posted on: https://www.automotiveworld.com/news/volvo-cars-ceo-customers-will-foot-the-bill-for-tariffs/