'Growth will be hit': Swedish PM issues warning over impact of Trump's tariffs

The US's tough trade tariffs are causing concern in world trade. The announcement is also stirring up emotions in Sweden.

'Growth will be hit': Swedish PM issues warning over impact of Trump's tariffs

Sweden's government has warned of lower growth and rising prices as a result of the tariffs the US announced on Wednesday in what US President Donald Trump called his "liberation day".

Bad but not unexpected. That's what Prime Minister Ulf Kristersson says at a press conference about the American tariff package. - Yesterday's announcement is even more damaging than what

When Prime Minister Ulf Kristersson (M) came to the Åre business forum, there was one issue that overshadowed all others: Donald Trump and the US's large tariff package, which was presented overnight Thursday and involves 20 percent tariffs on goods from the EU.

Prime Minister Ulf Kristersson describes the US tariff announcement as serious but not unexpected. “This is bad for world trade. I think it is bad for the US too,” he says.

Sweden considers the announcement of the imposition of tariffs by the US to be a sign of the start of negotiations, with Stockholm aiming to reduce them as much as possible, it said...More...