The chief executive of Volvo Cars has called for the complete elimination of tariffs on cars between the US, China and Europe, stepping up calls to end a global trade war.
Hakan Samuelsson said removing barriers would bring consumers “more choice, better cars and more value for money” and lead to more “jobs, growth and prosperity” around the world.
Writing in the Financial Times, he said he was “deeply worried by the plans of world leaders to impose double-digit tariffs on car imports”, saying nations must resist the “siren call of protectionism . . . there are no winners in a trade war, only losers”.
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