""The U.S. and Europe are rather similar, and now the tariffs are okay,""
""In one way, American cars to Europe, they are better than before. Zero tariffs. European cars to America is worse than before. It's now 15%. So now they've sort of changed roles. 'You charge us for 40 years now we will charge you.' So I'm not so upset, maybe, at least till they start to talk about more.""
European countries historically imposed high tariffs on American cars while allowing duty-free access for their automakers to the U.S. Over the last year tariffs reversed: American cars now enter Europe largely tariff-free while European cars face a 15% levy into the U.S. Most European CEOs are furious about the shift, but Volvo CEO Hakan Samuelsson expressed acceptance of the new symmetry. Volvo has faced significant business strain: a poorly timed U.S. sedan plant, a failed EX90 rollout, weaker-than-expected EV demand, competition in China, and a 68% annual profit drop prompting supply-chain reorientation.
Read at insideevs.com
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