Kristersson Warns of Losses in US-EU Trade Conflict

The Government "regrets the US decision" on import duties of 30 percent against the EU, writes Prime Minister Ulf Kristersson (The Moderate Party) in a comment. Minister for Foreign Trade Benjamin Dousa (The Moderate Party) says that the decision is a strong escalation from the US side.

» Published:

Kristersson Warns of Losses in US-EU Trade Conflict
Photo: Magnus Lejhall/TT

Share this article

”After several weeks of negotiations between the USA and the EU, the American administration chooses to unilaterally introduce 30-percent tariffs against the EU", writes the Prime Minister and regrets the American message. He then writes that the government supports the EU Commission's desire to find a negotiated solution.

”The EU is prepared to respond with tough countermeasures if necessary. But everyone will lose in an escalated trade conflict, and it is the US consumers who will pay the highest price. Sweden stands up for free trade and international cooperation”, Kristersson writes last.

Dousa: Significant escalation

Benjamin Dousa sees the message as a significant escalation from the USA's side, and ”contributes to uncertainty”.

It is very unclear what the USA really wants to achieve with all this, says Dousa to TT.

Just like Kristersson, Dousa repeats that Sweden and the EU are ready to respond with countermeasures but that they hope to be able to negotiate their way to a solution. At the same time, he emphasizes that the negotiations have been anything but easy since the parties want different things.

There are no strong free trade friends in the White House, they want tariffs, we want as low tariffs as possible.

The EU can become the winner

But despite the Americans being responsible for the escalation, according to Dousa, he believes that it is they themselves who will be the biggest losers in this scenario since the USA will no longer be seen as a credible and reliable partner in trade issues.

In the long term, Europe can come out as the winner from this, if we also sign new free trade agreements and open new routes for our companies, says Dousa.

On Monday, the EU's trade ministers will meet in Brussels to discuss how they will handle the situation ahead.

Tags

Author

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

More news

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Coercion Law Criticized for Undermining Trust in Social Services

Coercion Law Criticized for Undermining Trust in Social Services

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Swedish Dockworkers' Union and Employers Resolve Dispute with New Agreement

Swedish Dockworkers' Union and Employers Resolve Dispute with New Agreement

Fines Proposed for Parents Refusing Child Welfare Support

Fines Proposed for Parents Refusing Child Welfare Support

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Nikkei 225 Hits New Record Amid Wall Street Optimism

Nikkei 225 Hits New Record Amid Wall Street Optimism

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Klarna's Stock Surges 30% in Initial New York Trading

Klarna's Stock Surges 30% in Initial New York Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards

Spotify Introduces High-Resolution Sound for Premium Users

Spotify Introduces High-Resolution Sound for Premium Users