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How Volvo Landed A Cheap Chinese EV On U.S. Shores In A Trade War

24 Apr 2024 | Abstracted from Investing

"Vehicles from China currently face a 27.5% tariff and increasingly strident calls for higher trade barriers...Geely and Volvo have created a series of shared platforms allowing Volvo and other Geely brands to share batteries, motors, gears and electric power-management inverters

"Volvo has found a different way around the tariffs for the EX30, through the U.S. duty drawback program, which dates to 1789."

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