Finance Minister Elisabeth Svantesson: It Worries More than Trump's Tariffs

The USA's incoming president Donald Trump wants to raise tariffs on goods from China, but also introduce tariffs against neighboring countries Mexico and Canada as soon as he sets foot in the White House. But there are bigger problems, according to Finance Minister Elisabeth Svantesson (The Moderate Party).

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Finance Minister Elisabeth Svantesson: It Worries More than Trump's Tariffs
Photo: Jonas Ekströmer/TT

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Raising tariffs is challenging, especially for countries that are dependent on the USA.

She is, however, more worried about what is happening in the EU than what is happening in the USA.

To be honest, I am more concerned about the EU itself being too slow to increase productivity. That is the biggest problem we have. Of course, if you add significantly higher tariffs on top of that, it will affect us.

It is never good with a global trade war, emphasizes the minister:

Free trade as a basis benefits everyone, including the Americans, she says.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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