Volvo Car CEO Urges EU to Cut Tariffs on US for Trade Deal (1)

Volvo Car AB Chief Executive Officer Hakan Samuelsson said the European Union should reduce duties on US car imports as Brussels works toward a trade agreement with Washington.

“We should look into a system where Europe also brings down the rest of import tariffs from US to Europe,” Samuelsson said in an interview Thursday. The 10% levies Brussels has been slapping on American cars while the US duties used to be much lower “was really the starting point of this discussion.”

Hakan Samuelsson

Photographer: Mikael Sjoberg/Bloomberg

Controlled by China’s Zhejiang Geely Holding Group Co., Volvo is one of the more tariff-exposed car brands. ...