Automaker Volvo is retooling its production plans in response to the bilateral trade war between the U.S. and China. It will no longer export S60 sedans from the U.S. to China or XC90 SUVs the other way. Both countries applied 25% duties in July. Since then U.S. exports to China of passenger cars slumped 44.3% on a year earlier in the third quarter while imports from China climbed 94.7%. Volvo, which also has the section 232 review of the autos industry more broadly to consider, has already largely ended imports from China. Its imports of cars from there fell 84.7% on year earlier in the...
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