Trade war forces automakers Ford and Volvo to cancel big plans

Scott Tong Sep 10, 2018
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This photo taken on May 22, 2018 shows an imported Ford Mustang displayed at a showroom in Nantong in China's eastern Jiangsu province /AFP/Getty Images

Trade war forces automakers Ford and Volvo to cancel big plans

Scott Tong Sep 10, 2018
This photo taken on May 22, 2018 shows an imported Ford Mustang displayed at a showroom in Nantong in China's eastern Jiangsu province /AFP/Getty Images
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President Donald Trump’s tariffs — and talk of more — are driving global automakers to make some big decisions. Volvo, which has a Chinese parent company and makes a couple vehicles on the mainland there, canceled a planned initial public offering of its stock, citing the dark cloud of tariffs. Ford, which makes a version of its Focus in China, reiterated that it will no longer export cars made in China to the United States.  

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