Toro
Diamond Member
Because of Trump's Trade Taxes, Volvo is considering moving production from South Carolina to China.
No deal on auto tariffs as White House backpedals, Volvo threatens to move jobs overseas
Taxes kill jobs.
Trade taxes are no different. Even if your economically illiterate Orange God thinks they're great.
But with tariffs at 40 percent, analysts have measured a sharp slowdown in demand for American-made vehicles.
"We … thought Charleston could build cars for China," Volvo's global CEO Hakan Samuelsson told USA Today during an interview at the Los Angeles Auto Show last week. "That will not work," Samuelsson added, noting that Volvo would consider shifting some production from Charleston to China, impacting production levels and hiring at the plant.
Other automakers could follow.
"We … thought Charleston could build cars for China," Volvo's global CEO Hakan Samuelsson told USA Today during an interview at the Los Angeles Auto Show last week. "That will not work," Samuelsson added, noting that Volvo would consider shifting some production from Charleston to China, impacting production levels and hiring at the plant.
Other automakers could follow.
No deal on auto tariffs as White House backpedals, Volvo threatens to move jobs overseas
Taxes kill jobs.
Trade taxes are no different. Even if your economically illiterate Orange God thinks they're great.