Trump's trade war has forced one of Europe's most famous automakers to delay a $30 billion IPO

Reuters

• The parent company of Swedish automaker Volvo has postponed its planned initial public offering.
• Chinese car giant Geely is worried that President Trump's trade war could impact Volvo's valuation.
• Volvo's IPO would have been the largest in Sweden in 17 years.

Volvo, the Swedish automaker, has reportedly had its initial public offering (IPO) plans delayed by its parent company as a result of uncertainty surrounding US President Donald Trump's trade war.

The Financial Times reports on Monday that Geely, the Chinese auto giant which owns Volvo, has paused plans for an IPO that valued Volvo at $30 billion because Geely is worried US President Donald Trump's trade war could hurt its valuation.

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See Also:

• It looks like Trump has found the next big target in his trade war — Japan
• Thursday marks probably the most important moment yet in Trump's trade war with China
• GOLDMAN SACHS: Buying these 17 stocks could help you crush the market as Trump's trade war heats up

SEE ALSO: It looks like Trump has found the next big target in his trade war — Japan

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