Volvo Cars sold 156,965 vehicles from December through February, a 10% drop compared with the same period last year.

The Trump administration has imposed an additional 25% tariff on Indian goods effective August 27, 2025, citing India’s continued imports of Russian oil. The move doubles tariffs on most Indian exports to the U.S. to 50%, with only pharmaceuticals and electronics exempt. Washington accuses New Delhi of financing Russia’s war in Ukraine, as Russian oil makes up 36% of India’s crude imports.

US President Donald Trump announced on Wednesday that imports from India will be subject to a 25 percent tariff, while also revealing an unspecified "penalty" for New Delhi's purchases of Russian weapons and energy.

While the leaders of Canada and Mexico reached out to President Donald Trump to discuss tariff disputes, China's president seems unlikely to follow suit anytime soon.