Volvo plans to expand U.S. car production to avoid high tariffs

Sweden's Volvo Cars revealed that it may take two years for Volvo Cars to expand its car production in the United States to avoid high import tariffs. He said that in the long run, the company cannot afford to sell European-made cars in the United States with a tariff of 27.5%. Due to the higher tariffs imposed by the United States on China, it is even more impossible to export cars from Chinese factories to the US market.