Volvo Sticks to Plan for EX60 SUV as Tariff Threats Mount

Volvo Car AB, unveiling its first fully electric mid-size SUV, will stick to plans to manufacture the vehicle in Sweden for global shipments, even as the threat of further US tariffs mounts.

The automaker “can’t build every model in every market,” Volvo Chief Executive Officer Håkan Samuelsson said in an interview, after US President Donald Trump over the weekend threatened new 10% tariffs on some European countries in a standoff over Greenland. “Let’s speculate about those 10% when they actually become reality.”

Volvo, based in Sweden’s Gothenburg and owned by China’s Geely, is focused on long-term industrial logic rather ...