Sweden Stands Firm Against US Tariff Threats, Seeks New Trade Agreements
Sweden's Foreign Trade Minister insists on a firm stance against US tariffs, plans new trade agreements.
Key Points
- • Sweden will not yield to US tariff threats, says Minister Dousa.
- • Trump proposes 50% tariffs on EU goods starting June 1 due to stalled negotiations.
- • Sweden aims to establish trade agreements with Mexico, Indonesia, and India.
- • EU Trade Commissioner to discuss tariff threats with US Trade Representative.
In response to looming tariff threats from the United States, Swedish Minister for Foreign Trade, Benjamin Dousa, has reiterated that Europe will not concede to pressure from the US. President Donald Trump has proposed imposing a staggering 50% tariff on EU goods, effective June 1, due to perpetuated stalled negotiations between the US and the EU. Dousa stressed that such measures escalate tensions and undermined serious discussions on trade.
To mitigate potential repercussions from this trade conflict, Dousa highlighted Sweden's proactive approach in seeking new markets for its exporters. The Swedish government is particularly focused on establishing free trade agreements with nations like Mexico, Indonesia, India, and selected countries in South America within the current year. "We will not back down; Europe will respond strongly to these threats," asserted Dousa in a statement.
Moreover, discussions are anticipated between EU Trade Commissioner Maros Sefcovic and US Trade Representative Jamieson Greer concerning the trade tensions, although anticipatory comments from the EU Commission remain unavailable before the meeting scheduled to take place shortly.
As these developments unfold, Dousa’s statements emphasize Sweden’s commitment to protecting its economic landscape while navigating through international trade challenges.