Trump came to the agreement during a phone call with Ursula von der Leyen, the president of the European Commission.

Even relocating production from China to Belgium won't save the EX30. New tariffs make it impossible to offer at the price Volvo originally floated.

Digital dials have become the norm, with only luxury cars like the Bugatti Tourbillon using an analogue speedo ...

CEO Hakan Samuelsson also said consumers, not Volvo, would have to absorb the cost of tariff-related price increases ...