07/17/2025

Volvo Cars Pauses Sales of Some Cars in U.S. as Tariffs Pinch Profits

The tariffs force Volvo to focus on its high-margin models

Volvo Cars said it has scaled back its U.S. model lineup this year, among the first examples of a major automaker halting U.S. shipments as President Donald Trump's tariffs make it harder to profitably sell a broad range of vehicles.

The Swedish carmaker, which is owned by China's Geely Holding, told Reuters this week that it has been pulling sedans and station wagons from its U.S. portfolio as interest has waned.

Volvo, which releases quarterly results on Thursday, is one of the most exposed automakers to rising tariffs as the majority of its vehicles are produced in Europe or China.

Please select this link to read the complete article from Reuters.