Volvo Values Tariff Risks, May Retool Supply Chain — Panjiva


Volvo Values Tariff Risks, May Retool Supply Chain

China 1762 Cons. Discr. - Autos 664 Tariff Quote Watch 93 Tariffs 1175 U.S. 3310

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...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.