The United States has rejected separate requests from General Motors and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.
The U.S. has rejected separate requests from General Motors and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.
Volvo XC90 SUV is on display on day three of the China International Import Expo at the National Exhibition and Convention Center on November 7, 2018 in Shanghai, China.and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models. The midsize SUV, with a starting price of about $35,000, has become a target for U.S. critics of Chinese-made goods, including leaders of the United Auto Workers union and members in key political swing states such as Michigan and Ohio.
A spokeswoman said the XC60 shift, Volvo's biggest move to mitigate the impact of tariffs, was completed in the Spring,meaning Volvo was no longer paying tariffs on XC60 imports and would not see any fresh cost impact due to the rejection.
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