Volvo to cut up to 800 US jobs as Trump’s tariffs bite

Quick Summary:

Automaker plans to lay off workers at three US facilities over the next three months.

His vacillating trade policy has undermined consumer and business confidence, and caused economists to raise their forecasts for a US recession.

Mr Trump has upended the global trading system that has been in place for over 75 years with a plan for tariffs on products from across the world.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSweden

Topics: Latest Industry North America Volvo Tariffs Reeling Demand Layoffs Group Response

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 08:15:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28072668

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

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Publisher ID: #25

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