On Sunday, Donald Trump stated that he wanted to impose tariffs at 25 percent on all steel and aluminum imported to the United States. The increased customs can hit hard against Swedish companies, says several experts.
However, great ambiguities prevail around the steel duties, but on Wednesday the president is expected to submit an official proposal.
-The trading tariff carousel has rolled up, says SVT’s USA correspondent Fouad Youcefi I Morning studio.
Fouad Youcefi thinks the draw is expected. Trump went to election to carry out major tax cuts and mass deportation, which is expected to cost huge sums.
– He has said that he will pay it with the help of the customs.
Fouad Youcefi also believes that the customs threat may result from Trump believes that the United States is unfairly treated when it comes to trade agreements with other countries.
Benjamin Dousa: “Everyone becomes loser”
Although there are no clear messages from the Trump administration, Sweden and the EU follow the issue carefully. Sweden’s Aid and Foreign Trade Minister Benjamin Dousa (M) says that “everyone becomes loser” when tariffs are raised.
– It risks making our recession more lengthy, says Dousa. But points out that it is still uncertain how it can affect the Swedish economy.
Eight percent of Swedish steel exports (worth SEK 5.8 billion) goes to the United States. It is the largest market outside the EU.
Benjamin Dousa explains that Sweden is prepared and that they have recently worked to simplify and expand foreign trade, for example with South America.
During the afternoon, EU trade ministers will also hold an extra -set meeting to discuss how to act if the steel tariffs become a reality.
– If the United States introduces customs against us, we are forced to impose countermeasures. What is important on Sweden is that they are proportionate, well -balanced and that we will drive the Swedish interests.