It is sad what is happening now. It did not have to become like this. They are playing a high-stakes game. Not only with other countries' economies, but also their own, says Elisabeth Svantesson to journalists in the parliament.
Tariffs are never good. It is really bad, she adds.
She assesses the direct effects on Sweden as manageable.
I will return with new forecasts, she says about the effects on growth, unemployment, and inflation in Sweden.
It is clear that it will lead to lower growth. It does in Sweden, but also in other countries, she adds.
She also sees a risk of higher unemployment as an indirect effect of the Trump tariffs. The effect on inflation is more uncertain, according to the finance minister.
It will, however, affect prices in the USA. That is where you will initially see a clearer trend and not here.
If more measures are needed in addition to the autumn budget's investments of 60 billion and the spring budget's 11.5 billion, the government is ready, according to Svantesson.
We have the muscles to do more. And what that could be, we will return to.
