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Sweden warns of the risk of a trade war due to US duties


七月, 14 2025
watermark Economic news

Swedish Foreign Trade Minister Benjamin Dawsa criticized the US decision to impose 30% tariffs on goods from the EU and Mexico, warning of the risk of a full-scale trade war. He stated this at an emergency meeting of EU trade ministers in Brussels.


«The United States has escalated the situation, and we do not rule out that we will be involved in a trade war,» he said. According to Dawsa, Europe cannot accept such tariffs and has always sought a negotiated solution, while the White House continues to act unilaterally.


The minister added that the EU must be prepared for the worst-case scenario and is already considering retaliatory measures. Sweden has supported €20 billion worth of countermeasures, and a new €70 billion package is also being prepared. The European Union is simultaneously exploring the expansion of trade relations with South America, India and Indonesia.


Earlier, Donald Trump announced the introduction of new duties from August 1, which jeopardized negotiations on a trade agreement with the EU. In response, the head of the European Commission, Ursula von der Leyen, promised to protect the interests of the bloc and did not rule out mirror measures.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。