Even relocating production from China to Belgium won't save the EX30. New tariffs make it impossible to offer at the price Volvo originally floated.

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CEO Hakan Samuelsson also said consumers, not Volvo, would have to absorb the cost of tariff-related price increases ...

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Volvo's Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases.