Investing.com -- Volvo (OTC: VLVLY ) Cars intends to initiate exports of its European-made EX30 SUV model to the United States within this year, according to the company’s CEO. However, the automaker is also considering shifting some of its production to the U.S. The decision will be influenced by the tariffs imposed by President Donald Trump. The CEO made these comments on Wednesday.

This move by Volvo Cars indicates the company’s effort to navigate the complex trade environment. The potential shift in production location is a strategic response to the tariffs that could impact the cost of exporting vehicles from Europe to the U.S.

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