Sweden believes that the announcement of the imposition of US duties is a start of negotiations, in which Stockholm aims to finally reduce duties as much as possible, Prime Minister Uphrostason said today. US President Donald Trump has triggered a world trade war on Wednesday, imposing sweeping duties on imported products from all countries, allied and non -allied. The European Union, which is a member of Sweden, threatened Washington with countermeasures if no solution was found. “Yesterday’s announcement is likely to be more devastating than many expected,” Christterson said in a press conference. According to the Swedish finance ministry, the highest tariffs on EU products will lead to short -term exports of Swedish goods to the US and a fall in GDP, but the consequences are difficult to accurately estimate. Source: RES
Source: News Beast

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