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Chairman of Chinese-based Geely Group, Li Shufu, speaking at a Volvo plant in 2013. Photo: Nicolas Maeterlinck/AFP via Getty Images

Chinese auto manufacturer Geely, which acquired Volvo in 2010, will delay its plans to take the Swedish car company public over fears of a global trade war, reports the FT.

The big picture: Volvo has already moved production of its XC60 sports utility vehicles for the U.S. market from China to Sweden to avoid tariffs. But with President Trump threatening to slap a 25% tax on EU auto imports amid further escalation with China, Geely was concerned that investors would see the carmaker's stock drop after its IPO — due to be the largest on the Swedish stock market since 2000.

Go deeper

44 mins ago - Health

Standardized testing becomes another pandemic victim

Photo: Edmund D. Fountain for The Washington Post via Getty

National standardized reading and math tests have been pushed from next year to 2022, the National Center for Education Statistics (NCES) announced Wednesday.

Why it matters: There’s mounting national evidence that students are suffering major setbacks this year, with a surge in the number of failing grades.

1 hour ago - World

European countries extend lockdowns

A medical worker takes a COVID-19 throat swab sample at the Berlin-Brandenburg Airport. Photo by Maja Hitij via Getty

Recent spikes in COVID-19 infections across Europe have led authorities to extend restrictions ahead of the holiday season.

Why it matters: "Relaxing too fast and too much is a risk for a third wave after Christmas," said European Commission President Ursula von der Leyen.

2 hours ago - Health

Africa CDC: Vaccines likely won't be available until Q2 of 2021

Africa CDC director Dr. John Nkengasong. Photo: Mohammed Abdu Abdulbaqi/Anadolu Agency via Getty

Africa may have to wait until the second quarter of 2021 to roll out vaccines, Africa CDC director John Nkengasong said Thursday, according to the Associated Press.

Why it matters: “I have seen how Africa is neglected when drugs are available,” Nkengasong said.