<ul><li>Volvo CEO, Hakan Samuelsson, stated that customers would bear tariff costs instead of the company.</li><li>Tariffs imposed by President Trump could impact Volvo's ability to sell the new EX30 electric crossover in the US.</li><li>Automakers, including Volvo, are raising prices to offset the impact of tariffs, with Aston Martin and Subaru also passing on added costs to consumers.</li><li>Toyota Motor North America COO warned that tariffs on auto parts could lead to higher prices, lower sales, and more expensive repairs in the future.</li></ul>

Volvo CEO: Customers Must Pay Tariff Costs, Not Us

Discover more