Trump tariffs blamed for slowdown, less hiring at new Volvo plant in South Carolina

Volvo is scaling back plans for its new assembly plant just outside Charleston, South Carolina, as a result of the trade war triggered by President .

The $1.1 billion factory opened earlier this year and was expected to earmark about half of its capacity for export markets, including China, where Volvo‘s parent, Zhejiang Geely, is based. But the Chinese market for American-made vehicles has largely dried up as a result of tariffs the Chinese have enacted in response to Trump‘s import tariffs.

That is impacting a number of automakers with manufacturing operations in the U.S., including BMW and Ford, as well as Volvo.

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