Volvo (VLVLY.US) plans to lay off 800 employees at its American factory amid uncertain impact of tariff policies.

Due to uncertainty about how President Trump's tariff policies will impact demand, Volvo (VLVLY.US) plans to lay off up to 800 workers at three factories in the United States in the coming months. Trump's tariff policies have severely disrupted the automotive industry, which is now facing serious challenges of cost increases and supply chain disruptions. It has been reported that Volvo has informed employees that it will lay off 550-800 workers at its Mack Trucks factory in Macungie, Pennsylvania, as well as two Volvo factories in Dublin, Virginia, and Hagerstown, Maryland. Media reports quote a spokesperson as saying that Volvo needs to adjust production to align with the decrease in demand for its vehicles in the market. According to the Volvo website, the company has nearly 20,000 employees in North America.