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Volvo indefinitely postpones its announced IPO, citing worries about market volatility and the U.S.-China trade war's potential impact on valuation.
The red states are far more exposed to the negative impacts of Trump's trade wars.
Aside from the price drop, the industry is also affected by the trade war between the U.S. and China.
Even with the offset of effects, there are still more tariff hikes to come.