Volvo asks US government for tariff exemption for China-built XC60 crossover SUV
Volvo is the latest automaker to ask the U.S. government for an exemption from steep tariffs on Chinese-made SUVs, Reuters reported Friday. Buick asked trade officials in July for an exemption from a 25-percent tariff on its China-made Envision SUV earlier this year, although Volvo's interest in seeking relief from the measure is far greater. In August, the XC60 accounted for more than 31 percent of overall sales for Volvo, according to the automaker. Since May, the U.S. has imported most of its Volvo XC60 models from China, although the ...
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