The chief executive of Volvo Cars has called for China and Europe to lower their tariffs on cars as he admitted he was “very disturbed” by Donald Trump’s talk of raising automotive import duties into the US.
Hakan Samuelsson, head of the Chinese-owned but Swedish-based premium carmaker, yesterday opened Volvo’s first factory in the US in what he conceded was fortuitous timing.
“Thanks to God that we have this factory. We would be much worse without it,” he told the Financial Times when asked about the US president’s threats to increase tariffs on imported vehicles.
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