The best result that the European Union (EU) can expect from US trade negotiations is US import duty at 10 %. The Swedish Finance Minister Elisabeth Svantesson said it on Tuesday. Reuters informed about it.
“In any case, we have to count on a 10 % cloud. This is the lowest possible duty to be expected,” Santesson told reporters. The Minister pointed out that the Swedish economy is continuing to slow growth, the reason being a combination of several adverse factors. The development of the economy is influenced by uncertainty about American duties, the war in Ukraine and the conflict in the Middle East.
At the end of June, the Swedish government significantly worsened the economic growth estimate this year. Even in May she counted on growth of 1.8 %, in June However, it has adjusted the prognosis to half and estimates that growth reaches 0.9 %.
On the other hand, for 2026, the government has improved the forecast of the development of the economy. In May, it counted on a growth of 2.3 %, now expected to reach 2.6 %. Even now, Santesson said that despite considerable challenges, the Swedish economy is basically strong. She added that Sweden will have no problem to finance the increase in defense spending, although in the budget that the government plans to present in September, It will to some extent limit space for further reforms.
As far as the budget is concerned, Santesson said that the government would focus on increasing employment and household support. “There is no time to raise taxes now. In the current situation, it is rather needed to take the opposite steps,” The Minister of Finance was supplied.
