US EditionVolvo CEO wants EU to cut 'unnecessary' auto tariffs to defuse Trump threat
- Volvo CEO Hakan Samuelsson urged the European Union to cut auto tariffs on U.S. imports, stating that the European car industry does not need protection from U.S. competitors.
- Samuelsson claimed that if Europe is for free trade, it should reduce its tariffs first.
- Volvo reported an operating loss of 10 billion crowns in the second quarter due to tariffs and other challenges, despite beating analyst expectations.
- Shares in Volvo fell 2.6% following the loss announcement, despite a second-quarter adjusted operating profit of 2.9 billion Swedish crowns .
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13 Articles
13 Articles
Volvo CEO urges EU to slash its tariffs on US vehicles: ‘Absolutely unnecessary’
Volvo CEO Hakan Samuelsson on Thursday urged the European Union to slash its auto tariffs on the US in an attempt to sway President Trump to lower his own hefty duties on foreign vehicles.
·New York, United States
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Volvo CEO calls on EU to eliminate unnecessary tariffs on US vehicles to reduce risk of Trump retaliation.
Coverage Details
Total News Sources13
Leaning Left2Leaning Right4Center4Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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